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You observe the following annual rates of return for a hedge fund: Year Return 1 20% 2 -2% 3 10% 4 -14% 5 11% The
You observe the following annual rates of return for a hedge fund:
| Year | Return |
| 1 | 20% |
| 2 | -2% |
| 3 | 10% |
| 4 | -14% |
| 5 | 11% |
The hedge funds annual geometric mean return is:
|
| 2% |
|
| 5.0% |
|
| 5.41% |
|
| 1.25% |
|
| 4.31% |
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
