Question
An investment earns the following returns in five consecutive months: -12.73%; 18.24%; 12.13%; 5.37%; 8.7% What is your average realized monthly return on the investment,
An investment earns the following returns in five consecutive months:
-12.73%; 18.24%; 12.13%; 5.37%; 8.7%
What is your average realized monthly return on the investment, assuming that you do not take any money out?
Provide your answer in percent, rounded to two decimals, omitting the % sign.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
8th Edition
007322359X, 9780073223599
