Tristar Growth Mutual Fund Reported Annual Holding Period Returns of 22

question 60

Multiple Choice

Tristar Growth Mutual Fund reported annual holding period returns of 22 percent in 2010,25 percent in 2011,and 31 percent in 2012.What was the simple arithmetic average return generated by Tristar for the period 2010 through 2012?

• A) 31.0%
• B) 33.3%
• C) 26.0%
• D) 28.0%
• E) 25.0%

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Definitions:

Convertible

A type of automobile with a flexible roof system that allows it to transform between an enclosed and an open-air form.

International Transactions

Trades, investments, and other financial actions that cross national borders.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine the relative value of each currency.

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade and investments.