Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the geometric return of the following investment: Year Return 1 +10.4% 2 -16.2% 3 +8.8% 4 -19.9% ENTER YOUR ANSWER AS A DECIMAL WITH
Calculate the geometric return of the following investment:
| Year | Return |
| 1 | +10.4% |
| 2 | -16.2% |
| 3 | +8.8% |
| 4 | -19.9% |
ENTER YOUR ANSWER AS A DECIMAL WITH NO % SYMOBOL! (i.e. 102% = 102; -8.1% = -8.1, etc). Round your answer to 1 decimal place.
Step 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
Fundamentals Of Investment A Practitioners Guide
Authors: Brian O'Loughlin, Frank O'Brien
3rd Edition
113806162X, 978-1138061620
