Question
The returns of a mutual fund manager for the past 3 years are the following: Year 1: 7% Year 2: 11% Year 3: -2% What
The returns of a mutual fund manager for the past 3 years are the following: Year 1: 7% Year 2: 11% 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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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
