Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During the period from 2011 through 2015 the annual returns on small U.S. stocks were - 3.70 percent, 18.75 percent, 45.75 percent, 3.29 percent, and

image text in transcribed
During the period from 2011 through 2015 the annual returns on small U.S. stocks were - 3.70 percent, 18.75 percent, 45.75 percent, 3.29 percent, and - 3.30 percent, respectively. What would a $1 investment, made at the beginning of 2011. have been worth at the end of 2015? (Round answer to 3 decimal places, eg. 52750.) Value in 2015 $ What average annual return would have been earned on this investment? (Round answer to 2 decimal places, eg 52.75) Average annual return percent per year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And Economics Discussion Series Bank Risk Rating Of Business Loans

Authors: United States Federal Reserve Board, William B. English, William R. Nelson

1st Edition

1288718810, 9781288718818

More Books

Students also viewed these Finance questions