Question
The following data is provided for a market 500 Index: Year Total return Year Total return 2010 9.0% 2020 2.0% 2011 11.0% 2021 3.0% 2012
The following data is provided for a market 500 Index: Year Total return Year Total return 2010 9.0% 2020 2.0% 2011 11.0% 2021 3.0% 2012 -3.0% 2022 3.0% 2013 1.0% 2023 -1.0% 2014 5.0% 2024 5.0% 2015 -12.0% 2025 4.0% 2016 3.0% 2026 -3.0% 2017 4.9% 2027 3.5% 2018 -7.0% 2028 7.0% 2019 0.1% 2029 5.8% Calculate the 20 -year geometric average annual rate of return on the market Index.
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
