Soo Lee Owns a Stock That Has Had Annual Returns

Multiple Choice

Soo Lee owns a stock that has had annual returns of 11.6 percent,9.3 percent,−22.8 percent,and 34.6 percent over the last four-year period.What is his arithmetic mean return on this investment?

A) 7.94 percent
B) 19.58 percent
C) 14.62 percent
D) 11.47 percent
E) 8.18 percent