Question
Calculate the arithmetic average return, given annual returns of: Year 1 5.41% Year 2 7.64% Year 3 -14.23% Year 4 6.96% Year
Calculate the arithmetic average return, given annual returns of:
Year 1 5.41%
Year 2 7.64%
Year 3 -14.23%
Year 4 6.96%
Year 5 9.31%
Round the answer to two decimals places in percentage form. Please write % sign in the "units" box.
Step by Step Solution
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Step: 1
To calculate the arithmetic average return youll sum up all the annual retu...
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
7th Canadian Edition
007090653X, 978-0070906532, 978-0071339575
