Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ten annual returns are listed in the following table: -19.4% 16.2% 17.6% -49.4% 43.5% 1.6% -16.7% 46.1% 45.3% -3.9% a. What is the arithmetic average
Ten annual returns are listed in the following table: -19.4% 16.2% 17.6% -49.4% 43.5% 1.6% -16.7% 46.1% 45.3% -3.9%
a. What is the arithmetic average return over the 10-year period?
b. What is the geometric average return over the 10-year period? The geometric average return over the 10-year period is (round to 4 decimal places)
c. If you invested $100 at the beginning, how much would you have at the end?
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