Question
Ten annual returns are listed in the following table: (Click on the following icon in order to copy its contents into a spreadsheet.) 1.8%
Ten annual returns are listed in the following table: (Click on the following icon in order to copy its contents into a spreadsheet.) 1.8% - 16.7% 45.1% 17.7% -49.7% 19,8% 16.5% 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? 43.9% 46.3% -3.3%
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a The arithmetic average return over the 10year period is 1123 b The geomet...Get Instant Access to Expert-Tailored Solutions
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
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