Your grandfather invested $1,000 in a stock 47 years ago. Currently the value of

Question

Your grandfather invested $1,000 in a stock 47 years ago. Currently the value of his account is $318,000. What is his geometric return over this period? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Your grandfather invested $1,000 in a stock 47 years ago. Currently the value of his account is $318,000. What is his geometric return over this period? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Explanation / Answer

Ans

Geometric Return ((Current Deposit Value/Initial Value)^1/No of Years)-1 ((318000/1000)^1/47)-1 13.04% Current Deposit Value                                                                                    3,18,000.00 Initial Value                                                                                         1,000.00 No of years 47

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