The S&P TSX Composite Index Delivered Annual Returns of 17

question 15

Multiple Choice

The S&P TSX Composite index delivered annual returns of 17.61%,-8.71%,7.19% and 12.99% from 2010 to 2013.What was the average compound annual return per year?

• A) 7.5%
• B) 7.3%
• C) 6.8%
• D) 7%
• E) 6.6%

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Definitions:

Fee Simple

The most complete form of ownership of real estate, giving the holder full possession and control over the property.

Leasehold

An estate or interest in property held under a lease, granting the holder the right to use and occupy the property for a specified period under certain conditions.

Profit a Prendre

A legal right granted to a person to enter another's land and take away some part of the land's produce or mineral deposits.

Restrictive Covenant

A clause in a contract or agreement that imposes limitations or conditions on the actions of one or more parties, typically to protect business interests.