Question
A mutual fund reported the following quarterly returns for the year:2%, -0.5%, 1.5%, 5%.What was its total return for the year?Round your answer to the
A mutual fund reported the following quarterly returns for the year:2%, -0.5%, 1.5%, 5%.What was its total return for the year?Round your answer to the nearest tenth of a percent.
8.0%
8.2%
3.3%
37%
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
