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2) What is the Average Annualized Return for the following return series? Quarters Returns 0 3.9% 1 -0.5% 2 0.6% 3 -0.8% 4 2.8% 5

2) What is the Average Annualized Return for the following return series?

Quarters Returns
0 3.9%
1 -0.5%
2 0.6%
3 -0.8%
4 2.8%
5 2.1%
6 1.5%
7 2.3%
8 0.3%
9 4.8%
10 1.9%
11 4.0%
12 4.8%
13 2.6%
14 3.5%
15 0.2%
16 2.7%
17 4.5%
18 1.0%
19 2.2%

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