The One-Year Holding Period Returns for Cherokee Adventures for 2010

Multiple Choice

The one-year holding period returns for Cherokee Adventures for 2010 and 2011 are given below.If Cherokee's geometric average return for 2010 through 2012 was 15 percent, what was its implied one-year holding period return for 2012?

A) 12.8%
B) 11.8%
C) 24.6%
D) 16.0%
E) Not enough information is given to answer this question.