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Rates of Return An investor earned an arithmetic average return over 4 years of 13.9%. The first year's return was 14.4%, the second year's return

Rates of Return An investor earned an arithmetic average return over 4 years of 13.9%. The first year's return was 14.4%, the second year's return was -2.20%, the third year's return was 26.2%. What was the fourth year's return? multiple choice

  • 19.20%

  • 17.20%

  • 20.01%

  • 13.90%

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