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An investment over 5 years has an HPR of - 2 . 1 5 % in the first year, + 2 . 1 5 %
An investment over years has an HPR of in the first year, in the
second, in the third, in the fourth year, and in the
a Calculate the average annual compound rate of return over this year holding
period. Round to decimals: xxyyy or xxyyy
b What is the simple average of the annual HPRs
c Suppose you had invested $ in this investment at the start. What would
your investment have been worth at the end of the year?
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