Good years are followed by equally bad years for a mutual fund. It earns +8%, 8%, +12%,

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Good years are followed by equally bad years for a mutual fund. It earns +8%, –8%, +12%,
–12% in successive years. What is the investor’s overall return for the four years?

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Risk Management and Financial Institutions

ISBN: 978-1118955949

4th edition

Authors: Hull John

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Question Posted: Jul 30, 2015 03:08 AM

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Good years are followed by equally bad years for a mutual fund. It earns +8%, 8%, +12%,

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Risk Management and Financial Institutions

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