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Assume an investor deposits $111,067 in a professionally managed account. One year later, the account has grown in value to $137,676 and the investor withdraws
Assume an investor deposits $111,067 in a professionally managed account. One year later, the account has grown in value to $137,676 and the investor withdraws $32,373. At the end of the second year, the account value is $93,264. No other additions or withdrawals were made. Calculate arithmetic average of holding period returns during years 1 and 2. Round the answer to two decimals in percentage form. Please write % sign in the units box. Your
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