Question: 21. Your friend, Tobias, needs your help finding the average for a set of portfolio returns. They have calculated the returns (in %) as :

21.

Your friend, Tobias, needs your help finding the average for a set of portfolio returns. They have calculated the returns (in %) as : month return 1 30.29 2 22.66 3 31.56 4 30.83 5 4.08 What is the GEOMETRIC mean of these returns?

Select one:

23.41%

23.88%

186.29%

21.39%

19.37%

insufficient information to determine

23.65%

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