Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For each year from 2 0 1 5 through 2 0 1 9 , the annual returns on small U . S . stocks were

For each year from 2015 through 2019, 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 2015, have been worth at the end of 2019?(Round answer to 3 decimal places, e.g.52.750.)
Value in 2019
$
What average (geometric or compounded) 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.
image text in transcribed

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

Finance And The Behavioral Prospect

Authors: James Ming Chen

1st Edition

331981351X, 978-3319813516

More Books

Students also viewed these Finance questions

Question

What are the two main problems identified with prototyping?

Answered: 1 week ago

Question

Do you think physicians should have unions? Why or why not?

Answered: 1 week ago