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Consider the following realized annual returns: S&P 500 IBM Realized Realized Year-end Return Return 2012 23.4% 46.3% 2013 24.7% 26.7% 2014 31.9% 86.9% 2015
Consider the following realized annual returns: S&P 500 IBM Realized Realized Year-end Return Return 2012 23.4% 46.3% 2013 24.7% 26.7% 2014 31.9% 86.9% 2015 9.0% 23.1% 2016 -2.0% 0.2% 2017 -17.3% -3.2% 2018 - 24.3% -27.0% 2019 31.7% 27.9% 2020 4.4% -5.1% 7.4% - 11.3% 2021 The average annual return on the S&P 500 from 2012 to 2021 is closest to A. 4.45% B. 9.78% OC. 5.33% OD. 8.89%
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
