Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rates of Return An investor earned an arithmetic average return over 4 years of 12.6%. The first year's return was 13.1%, the second year's return

image text in transcribed
image text in transcribed
Rates of Return An investor earned an arithmetic average return over 4 years of 12.6%. The first year's return was 13.1%, the second year's return was 4.80%, the third year's return was 22.3%. What was the fourth year's return? Multiple choice 22.08% 19.80% 22.89% 2200% 17. nos. 22 89 1260%

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 For Growing Enterprises

Authors: Edward W. Davis, Roger Buckland

1st Edition

1138679941, 978-1138679948

More Books

Students also viewed these Finance questions