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:

Certify

To officially declare or verify that something is true, accurate, or meets a specific standard.

UCC

Stands for the Uniform Commercial Code, which is a comprehensive set of laws governing commercial transactions in the United States, including sales, leases, negotiable instruments, and secured transactions.

Sufficient Funds

A term indicating that an account has enough available money to cover transactions such as withdrawals, checks, or payments.

Money Orders

Payment orders for a specified amount of money that are a secure alternative to cash or personal checks.