Returns arc defined as the change in the value of the

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Unformatted text preview: s s ed as a percentage of the initial value. During the year, two of thes e com panies announced extraordinarily good res ults . One of thes e two com panies belonged to the Cem ent or the IT indus try, while the other one belonged to either the Steel or the Auto indus try. As a res ult, the returns on the s tocks of thes e two com panies were higher than the initially expected returns . For the com pany belonging to the Cem ent or the IT indus try with extraordinarily good res ults , the returns were twice that of the initially expected returns . For the com pany belonging to the Steel or the Auto indus try, the returns on announcem ent of extraordinarily good res ults were only one and a half tim es that of the initially expected returns . For the rem aining two com panies , which did not announce extraordinarily good res ults , the returns realized during the year were the s am e as initially expected. 15. What is the m inim um average return Venkat would have earned during the year?...
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This document was uploaded on 03/23/2014.

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