USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEMS The Common stock of X-tech Inc had the following historic pattern:
The Common stock of X-tech Inc had the following historic pattern:
Time Price
3/1/96 50.00
3/1/97 57.00
3/1/98 66.12
3/1/99 74.05
3/1/00 70.35
3/1/01 77.39
1. What was your arithmetic mean annual yield for the investment in X-Tech Industries?
2. Same data as prior question: What was your geometric mean annual yield for the investment in X-Tech?
Please show calculations.