The Following Data Is Provided for the S&P 500 Index

question 47

Multiple Choice

The following data is provided for the S&P 500 Index:
-Refer to the information above. Calculate the geometric average annual rate of return on the 500 Index for the last ten years shown.

• A)7.23%
• B)17.76%
• C)13.33%
• D)5.91%

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Definitions:

Alfalfa

Alfalfa is a perennial flowering plant widely cultivated as fodder for cattle due to its high nutrient content.

Comparative Advantage

An economic principle that suggests a country, individual, or company is most efficient at producing a certain good or service compared to others, enabling trade benefits.

Absolute Advantage

The ability of a country, company, or individual to produce a good or service at a lower cost per unit than competitors using the same amount of resources.

Soybeans

A leguminous plant originating from East Asia, extensively cultivated for its consumable beans that have various applications.