Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An investor is evaluating an mutual fund investment she made four years ago. Since the investment was made four years ago, the mutual funds annual
An investor is evaluating an mutual fund investment she made four years ago. Since the investment was made four years ago, the mutual funds annual returns have been as follows: Year Annual Return Year 1 9% Year 2 -1.3% Year 3 10% Year 4 5% What was the geometric average annual return for the mutual fund over the four-year period investment period?
An investor is evaluating an mutual fund investment she made four years ago. Since the investment was made four years ago, the mutual fund's annual returns have been as follows: What was the geometric average annual return for the mutual fund over the four-year period investment period? Enter your answer in decimal form out to four decimals. For example, a geometric average return of 10.15% would be entered as 0.1015Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started