Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ten annual returns are listed in the following: -19.6%, 16.3%, 18.4, -49.2%, 43.5%, 1.2%, -16.8%, 46.1%, 45.4%, -3.7% A. what is the arithmetic average return
Ten annual returns are listed in the following:
-19.6%, 16.3%, 18.4, -49.2%, 43.5%, 1.2%, -16.8%, 46.1%, 45.4%, -3.7%
A. what is the arithmetic average return over the 10-year period?
b. what is the geometric average return over the 10-year period?
c.If you invested $100 at the beginning, how much would you have at the end?
(Round answers A and B to four decimal places, C to nearest cent PLEASE!)
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