Question
An investor is evaluating an mutual fund investment she made five years ago. Over the past five years, the mutual fund's annual returns have
An investor is evaluating an mutual fund investment she made five years ago. Over the past five years, the mutual fund's annual returns have been as follows: Annual Return Year 2011 0.92% 2012 9.69% 2013 13.71% 2014 1.9% 2015 14.28% What was the geometric average annual return for the mutual fund over the five- year period investment period?
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Fundamentals of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
1st canadian edition
978-0133400694
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