The S&P 500 index delivered a return of 20%, -10%, 25%, and 5% over four successive years. What is ...

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The S&P 500 index delivered a return of 20%, -10%, 25%, and 5% over four successive years. What is ...

The S&P 500 index delivered a return of 20%, -10%, 25%, and 5% over four successive years. What is the arithmetic average annual return per year?

▸ 15%

▸ 10%

▸ 11%

▸ 12%

Textbook

Fundamentals of Corporate Finance

Edition: 2^nd

Authors: Berk, DeMarzo, Harford

Read 101 times

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