You Have the Following Rates of Return for a Risky

question 40

Multiple Choice

You have the following rates of return for a risky portfolio for several recent years:
2013 35.23%
2014 18.67%
2015 −9.87%
2016 23.45%
The annualized (geometric) average return on this investment is ________.

• A) 16.15%
• B) 16.87%
• C) 21.32%
• D) 15.60%

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