3 ms·
I realise I am late to the thread, but to set the record straight, you sir have got your math wrong. 5 months is not 1/5 of a year, but 5/12, so the correct ann
by sxyuan 8y ago
I realise I am late to the thread, but to set the record straight, you sir have got your math wrong. 5 months is not 1/5 of a year, but 5/12, so the correct annualised growth rate for Feb-July 2018 is
(27.05 / 26.74) ^ (1 / (5 / 12)) - 1
= 2.8%
An improvement, but hardly a spectacular one, and nowhere near 5.9%.