Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Six years ago you invested $25,000 in a mutual fund. You have earned the following annual returns over the last five years: {+20%, -7%, +12%,
Six years ago you invested $25,000 in a mutual fund. You have earned the following annual returns over the last five years: {+20%, -7%, +12%, -5%, +19%, -14%}. What is the Geometric Mean of the six annual returns?
Multiple Choice
-
2.97%
-
8.25%
-
3.30%
-
5.46%
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