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The following exhibit shows the annual MSCI World Index total returns for a 10- year period. For Year 6 to Year 10, the mean absolute

The following exhibit shows the annual MSCI World Index total returns for a 10- year period.

For Year 6 to Year 10, the mean absolute deviation of the MSCI World Index total returns is closest to:

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15.25% 30.79% 10.02% Year 6 Year 7 Year 8 12.34% Year 1 Year 2 Year 3 Year 4 Year 5 5 20.65% -5.02% 9.57% Year 9 16.54% 27.37% -40.33% Year 10

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