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please and explain work (6p) Suppose you invested in Rocket Small Cap Mutual Fund and it generated the following returns annually: 2196, 10%, -3496, 1196.
please and explain work
(6p) Suppose you invested in Rocket Small Cap Mutual Fund and it generated the following returns annually: 2196, 10%, -3496, 1196. i. What is the arithmetic average return of your investment? ii. What is the geometric average return of your investment? ill. What is the HPR (Holding Period Return) of your portfolio? iv. If you invested $100,000 at the beginning, which average will give you the right answer as to how much money you have at the end of the fourth year? You must support your Step by Step Solution
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