Question
During the period from 2011 through 2015 the annual returns on small U.S. stocks were -3.32 percent, 18.26 percent, 46.59 percent, 3.14 percent, and
During the period from 2011 through 2015 the annual returns on small U.S. stocks were -3.32 percent, 18.26 percent, 46.59 percent, 3.14 percent, and -3.20 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.
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Fundamentals of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas Bates
4th edition
1119371406, 978-1119371403
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