9.Commtel Partners hires Smith Brothers investment bank to negotiate the purchase of the fiber optic assets of Lightware.com. Identify the parties to this transaction. A.Smith is the agent while Lightware.com and Commtel together are the principals. B.Lightware.com is the principal and Commtel is the agent. C.Smith is the principal and Commtel is the agent. D.Commtel is the principal and Smith is the agent. E.Commtel is the principal and Lightware.com is the agent.
10.A stock had returns of -8.1 percent, -2.0 percent, 4.7 percent, 6.25 percent and 10.3 percent over the past five years. What is the average return on this stock for the past five years?
11.What is the geometric average return on the stock given in the previous question?