A stock index returned 16%, 7%, -3% and 4% over four successive years. What was the arithmetic
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A stock index returned 16%, 7%, -3% and 4% over four successive years. What was the arithmetic average annual return of the period in percentage points?
Related Book For
Quantitative Investment Analysis
ISBN: 978-1119104223
3rd edition
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
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