Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose the S&P500 index has grown from $3400 to $4100 over the past 5 years. What comes closest to the annual geometric average of return

Suppose the S&P500 index has grown from $3400 to $4100 over the past 5 years. What comes closest to the annual geometric average of return over the 5 year period?

30%

6.9%

20.6%

3.8%

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_2

Step: 3

blur-text-image_3

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

The Complete Personal Finance Handbook

Authors: Teri B Clark

1st Edition

160138047X, 978-1601380470

More Books

Students also viewed these Finance questions