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The table shows the prics of Bitcoin (BTC) for the past two years. Year Price Jan 1 Price Dec31 % Change (1+return) 2021 $28775 $47902
The table shows the prics of Bitcoin (BTC) for the past two years. Year Price Jan 1 Price Dec31 % Change (1+return) 2021 $28775 $47902 2022 $47902 $17300 Average Annual Return period 2021-2022 = Average Geometric Return period 2021-2022 = Assume that you bought BTC in January 1, 2021 for $28,775. a. Calculate the average annual return for the period 2021-2022 b. Calculate the average geometric return for the period 2021-2022 a. Average annual return for the period 2021-2022 = +1.29% b. Average geometric return for the period 2021-2022 = -39.88% a. Average annual return for the period 2021-2022 = +19.94% b. Average geometric return for the period 2021-2022 = -39.88% a. Average annual return for the period 2021-2022 = -1.29% b. Average geometric return for the period 2021-2022 = -22.46% a. Average annual return for the period 2021-2022 = +1.29% b. Average geometric return for the period 2021-2022 = -22.46%
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