Question
(The answer is 4.84% but I dont know how to get to it) A portfolio had the following monthly returns in 2017 from January to
(The answer is 4.84% but I dont know how to get to it)
A portfolio had the following monthly returns in 2017 from January to December: 1.5%, 0.25%,
1%, 0.5%, 1%, 0.05%, 1%, 0.75%, 0.5%, 1.25%, 1.5%, 2%.
Calculate the annual return of the portfolio (hint: use compounding)
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Auditing A Practical Approach with Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
1st edition
1119401747, 978-1119401742
