Answered step by step
Verified Expert Solution
Question
1 Approved Answer
During the period from 2011 through 2015 the annual returns on small U.S. stocks were -3.26 percent, 18.23 percent, 43.07 percent, 2.92 percent, and -3.60
During the period from 2011 through 2015 the annual returns on small U.S. stocks were -3.26 percent, 18.23 percent, 43.07 percent, 2.92 percent, and -3.60 percent, respectively. What average annual return would have been earned on this investment? Round to 4 decimal places and represent percent as a decimal.
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