Question
An investment has holding period returns of 4%, 20%, -7%, and -3% in four consecutive years. Calculate the geometric average return. Give your answer as
An investment has holding period returns of 4%, 20%, -7%, and -3% in four consecutive years. Calculate the geometric average return. Give your answer as a percent and to the nearest 0.01% (e.g. type 3.25 if your answer is three and a quarter percent).
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
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