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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
3.20 TASER International, Inc., develops, manufactures, and sells nonlethal self-defense devices known as tasers. Marketing primarily to law enforcement, corrections institutions, and the military, TASER’s popularity has enjoyed a rollercoaster ride. The stock price in 2008 decreased by 63.31%, and in 2009, the stock price decreased by 17.05%. Source: Data extracted from finance.yahoo.com, March 30, 2010. a. Compute the geometric mean rate of return per year for the two-year period 2008–2009. (Hint: Denote a decrease of 63.31% as ) b. If you purchased $1,000 of TASER stock at the start of 2008, what was its value at the end of 2009? c. Compare the result of (b) to that of Problem 3.19 (b)
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