What Is the Arithmetic Average Return of Roddy Richard's Investment

question 37

Multiple Choice

What is the arithmetic average return of Roddy Richard's investment?

• A) 2.42%
• B) 3.96%
• C) 5.18%
• D) 15.1%

---

Definitions:

Implied Warranty

A legal assurance that a product will meet a minimum level of quality and functionality without being explicitly stated in a contract.

Particular Purpose

Refers specifically to the intended use or requirement for which something is sought or required, often in a legal or contractual context.

Matter of Law

Issues decided by a judge rather than by a jury, pertaining to legal interpretation rather than factual determination.

Transfer Title

The act of legally changing the ownership of a property or asset from one entity to another.