Multiple Choice
A portfolio manager generates a 5% return in 2008,a 12% return in 2009,a negative 6% return in 2010,and a return of 2% (nonannualized) in the first quarter of 2011.The annualized return for the entire period is theclosest to _______.
A) 3.05%
B) 3.25%
C) 3.50%
D) 3.77%
Correct Answer:

Verified
Correct Answer:
Verified
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