Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

You have the following rates of return for a risky portfolio for several recent years: 2016 23.23% 2017 18.76% 2018 8.75% 2019 21.35% The annualized

You have the following rates of return for a risky portfolio for several recent years:

2016 23.23%

2017 18.76%

2018 8.75%

2019 21.35%

The annualized (geometric) average return on this investment is ________.

a.15.60%

b.13.15%

c.12.83%

d.13.87%

Getting really off numbers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968

Students also viewed these Finance questions