Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your stock portfolio earned 3%, -12%, and 3% for the last three years. What is your annualized return for the last three years on average?

Your stock portfolio earned 3%, -12%, and 3% for the last three years. What is your annualized return for the last three years on average? Enter a number with two decimal points. Answer the question in percentage terms, i.e., if your return is 10% or 0.1, enter 10.00.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

The Handbook Of Equity Market Anomalies

Authors: Leonard Zacks

1st Edition

0470905905, 978-0470905906

More Books

Students also viewed these Finance questions