The S&P 500 Index Delivered a Return of 15%,20%,20%,-25% Over

question 48

Multiple Choice

The S&P 500 index delivered a return of 15%,20%,20%,-25% over four successive years.What is the arithmetic average annual return per year?

• A)8.5%
• B)9.5%
• C)6.5%
• D)7.5%