Question
Consider the following realized annual returns: Year-end S&P 500 Realized Return IBM Realized Return 1996 23.3% 45.7% 1997 24.7% 26.7% 1998 31.6% 85.0% 1999 9.0%
Consider the following realized annual returns:
| Year-end | S&P 500 Realized Return | IBM Realized Return |
| 1996 | 23.3% | 45.7% |
| 1997 | 24.7% | 26.7% |
| 1998 | 31.6% | 85.0% |
| 1999 | 9.0% | 23.1% |
| 2000 | -2.0% | 0.2% |
| 2001 | -17.3% | -3.2% |
| 2002 | -24.3% | -27.0% |
| 2003 | 32.8% | 26.6% |
| 2004 | 4.4% | -5.1% |
| 2005 | 7.4% | -11.3% |
The average annual return on IBM from 1996 to 2005 is closest to ________.
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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
