Question
The returns of a mutual fund manager for the past 3 years are the following: Year 1: 5% Year 2: 12% Year 3: -2% What
The returns of a mutual fund manager for the past 3 years are the following:
Year 1: 5%
Year 2: 12%
Year 3: -2%
What is the geometric average return of the fund for the past three years? Put return in decimal points instead of percentage.
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
