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a portfolio manager generates a +5% return in 2008, a +12% return in 2009, a -6% return in 2010, and a return of +2% in
a portfolio manager generates a +5% return in 2008, a +12% return in 2009, a -6% return in 2010, and a return of +2% in 2011. The annualized return for the entire period is closest to:
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
7th Edition
1473778913, 978-1473778917
