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An investment has the following returns: Period Return 1 20% 2 25% 3 15% 4 -30% 5 25% The arithmetic mean return is 11%. What
An investment has the following returns:
Period | Return |
1 | 20% |
2 | 25% |
3 | 15% |
4 | -30% |
5 | 25% |
The arithmetic mean return is 11%.
What is the geometric mean return?
Go back to lecture 3 and look at slide 43.
Express your answer as a percent to one decimal (XX.X) %
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