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 -3.80 percent, 19.15 percent, 45.91 percent, 3.26 percent, and -3.80

image text in transcribed
During the period from 2011 through 2015 the annual returns on small U.S. stocks were -3.80 percent, 19.15 percent, 45.91 percent, 3.26 percent, and -3.80 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 What average annual return would have been earned on this investment? (Round answer to 2 decimal places, e.g. 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

Contemporary Issues In Finance

Authors: Simon Grima, Frank Bezzina, Inna Romanova

1st Edition

1786359073, 978-1786359070

More Books

Students also viewed these Finance questions

Question

Chevron (www.chevron.com)

Answered: 1 week ago