Question
Donald invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 17.45 percent in 2012, 33.85 percent in 2013, 11.00 percent
Donald invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 17.45 percent in 2012, 33.85 percent in 2013, 11.00 percent in 2014, and 2.00 percent in 2015. What was the average annual return that Donald earned over the 2012-2015 period.
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77861671, 978-0077861674
