Question
Following are returns on the S&P 500 index: a) calculate the arithmetic average rate of return, b) calculate the geometric average rate of return, c)
Following are returns on the S&P 500 index: a) calculate the arithmetic average rate of return, b) calculate the geometric average rate of return, c) calculate the variance and standard deviation of returns.
| Year | HPR |
| 2001 | -11.89% |
| 2002 | -22.10% |
| 2003 | 28.69% |
| 2004 | 10.88% |
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
8th Edition
1618531220, 9781618531223
