Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please explain steps, thank you Ten annual returns are listed in the following table: - 19.9% 16.4% 18.4% - 49.8% 43.5% 1.6% -16.4% 45.8% 44.8%
Please explain steps, thank you
Ten annual returns are listed in the following table: - 19.9% 16.4% 18.4% - 49.8% 43.5% 1.6% -16.4% 45.8% 44.8% -3.6% a. What is the arithmetic average return over the 10-year period? b. What is the geometric average return over the 10-year period? c. If you invested $100 at the beginning, how much would you have at the end? a. What is the arithmetic average return over the 10-year period? The arithmetic average return over the 10-year period is . (Round to four decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started