Question
An investment over 4 years has an HPR of +4% in the first year, -7% in the second, +3.75% in the third, and +2.15% in
An investment over 4 years has an HPR of +4% in the first year, -7% in the second, +3.75% in the third, and +2.15% in the fourth year. Calculate the average annual compound rate of return over this 4-year holding period.
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
10th Edition
0030329922, 9780030329920
