The average annual return on the S\&P 500 from 1996 to 2005 is 29

15 16 17 18 19 20 21 22 23 24 26 27 28 Year-end 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 500 Realized Return 23.30% 24.70% 30.40% 9.00% -2.00% -17.30% -24.30% 31.20% 4.40% 7.40% IBM Realized Return 46.30% 26.70% 86.90% 23.10% 0.20% -3.20% -27.00% 27.90% -5.10% -11.30% The average annual return on the S&P 500 from 1996 to 2005 is 29