You Have an Asset That Has an Arithmetic Average Return

question 48

Multiple Choice

You have an asset that has an arithmetic average return of 10.9 percent over the past five years. The annual returns for four years were 8%, 16%, - 9%, and 13%. What was the asset's return for the fifth year?

• A) 15.6%
• B) 17.8%
• C) 20.7%
• D) 22.8%
• E) 26.5%

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