Multiple Choice
The arithmetic average return on your portfolio for the past five years was 8.4 percent.Assume you earned -6 percent,25 percent,10 percent,and 6 percent for four of those five years.What rate of return did you earn in the fifth year?
A) 5.0%
B) 6.0%
C) 7.5%
D) 7.0%
E) 10.0%
Correct Answer:
Verified
Correct Answer:
Verified
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