The S&P 500 Index Delivered a Return of 10%, 15

question 7

Multiple Choice

The S&P 500 index delivered a return of 10%, 15%, 15%, and -30% over four successive years. What is the arithmetic average annual return for four years?

• A) 3.00%
• B) 3.50%
• C) 2.25%
• D) 2.50%