Soo Lee Owns a Stock That Has Had Annual Returns

question 72

Multiple Choice

Soo Lee owns a stock that has had annual returns of 11.6 percent,9.3 percent,−22.8 percent,and 34.6 percent over the last four-year period.What is his arithmetic mean return on this investment?

• A)7.94 percent
• B)19.58 percent
• C)14.62 percent
• D)11.47 percent
• E)8.18 percent

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