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 -3.64 percent, 19.43 percent, 45.15 percent, 3.41 percent, and -3.60
During the period from 2011 through 2015 the annual returns on small U.S. stocks were -3.64 percent, 19.43 percent, 45.15 percent, 3.41 percent, and -3.60 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, e.g. 52.750.)
Value in 2015 | $enter a dollar amount of the investment at the end of 2015 rounded to 3 decimal places |
What average annual return would have been earned on this investment? (Round answer to 2 decimal places, e.g. 52.75.)
Average annual return | enter the average annual return per year rounded to 2 decimal places | percent per year. |
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