The S&P TSX Composite Index Delivered a Return of 14

question 95

Multiple Choice

The S&P TSX Composite index delivered a return of 14.48%,24.13%,17.26% and 9.83% over four successive years.What is the arithmetic average annual return per year?

• A)16.43%
• B)20.8%
• C)14.48%
• D)18.54%
• E)15.96%

---

Definitions:

Activity Declines

Situations where the level of activity or productivity in a business decreases over a certain period.

Actual Costs

The true or realized expenses incurred in the production of goods or services, as opposed to estimated or budgeted costs.

Actual Level

The real, measured level of activity achieved during a specific period, often contrasted with planned or estimated levels.

Cost Formulas

Equations used to calculate costs, often incorporating fixed and variable components.