Multiple Choice
At the beginning of year one, the stock market index had a value of 225.4. Two years later the value was 298. What was the average annual rate of return on the index portfolio?
A) 28.6%
B) 30.0%
C) 36.3%
D) 15.0%
E) 14.3%
Correct Answer:
Verified
Correct Answer:
Verified
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