Question
12. A stock fund had the following returns: Year 1: 15% Year 3: -10% Year 5: 5% Year 2: 20% Year 4: -20% a. What
12. A stock fund had the following returns:
Year 1: 15% Year 3: -10% Year 5: 5%
Year 2: 20% Year 4: -20%
a. What is the cumulative returns over the 5-year period?
b. What is the average annualized return over the 50 year period?
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
