The following were the closing year-end prices of the Japanese stock market index, the Nikkei-

225:

1984 11,474 1992 16,925 2000 13,786 1985 13,011 1993 17,417 2001 10,335 1986 18,821 1994 19,723 2002 8,579 1987 22,957 1995 19,868 2003 10,677 1988 29,698 1996 19,361 2004 11,489 1989 38,916 1997 15,259 2005 16,111 1990 24,120 1998 13,842 2006 17,225 1991 22,984 1999 18,934 2007 15,308 Assume that each historical rate of return was exactly one representative scenario

(independent sample draw) that you can use to estimate the future. If a Japanese investor had purchased a mutual fund that imitated the Nikkei-225, what would her annual rates of return, compounded rate of return (from the end of 1984 to the end of 2007), average rate of return, and risk have been?