You Bought a Racehorse That Has Had a Winning Streak

Multiple Choice

You bought a racehorse that has had a winning streak for four years,bringing in $500,000 at the end of each year before dying of a heart attack.If you paid $1,518,675 for the horse 4 years ago,what was your annual return over this 4-year period?

A) 8%
B) 33%
C) 18%
D) 12%