Question
Monique invested in the Marvelous mutual fund 5 years ago. Her returns were 10%, 10%, 10%, 10% and 10%, respectively. Which of the following statements
Monique invested in the Marvelous mutual fund 5 years ago. Her returns were 10%, 10%, 10%, 10% and 10%, respectively. Which of the following statements is correct regarding average returns?
a. Both a and b.
b. A: The geometric average equals the arithmetic average.
c. Neither a nor b.
d. B: The standard deviation of returns is equal to zero.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
