Question
You have an investment that earned 12%, -32%, and -4% over the prior 3 months. 1. What was the arithmetic average monthly return of this
You have an investment that earned 12%, -32%, and -4% over the prior 3 months.
1. What was the arithmetic average monthly return of this investment? Answer in percent and round two decimal places
2. What was the compound (geometric) average monthly return? Answer in percent and round two decimal places
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
