Question 16

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These are the yearly returns for a mutual fund. .

Year	Return
2013	15.00%
2014	-8.00%
2015	7.50%
2016	9.11%
2017	10.00%
2018	-7.62%
2019	4.00%

Calculate the geometric return. For the Fidelity mutual fund exercises, this is also known as the "average annual return".

Select one:

a. 3.0% to 4.0%

b. Less than 2.0%

c. 4.0% to 5.0%

d. More than 5.0%

e. 2.0% to 3.0%