Sharif's Portfolio Generated Returns of 12 Percent, 15 Percent, -15

question 80

Multiple Choice

Sharif's portfolio generated returns of 12 percent, 15 percent, -15 percent, 19 percent, and -12 percent over five years. What was his average return over this period?

• A)19 percent
• B)3.8 percent
• C)17 percent
• D)2.1 percent

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Definitions:

Conditional Acceptance

An agreement to accept an offer or proposal based on the fulfillment of certain conditions.

Inquiry

The act of seeking information by questioning or investigation.

Rejection

The refusal to accept, approve, or acknowledge something, especially referring to contractual or legal offers.

Counteroffer

A response to an original offer in a negotiation, where the terms of the first offer are modified.