Question: Click to see additional instructions The next three questions involve the same set of information: You put money in a mutual fund four years ago.

 Click to see additional instructions The next three questions involve the

Click to see additional instructions The next three questions involve the same set of information: You put money in a mutual fund four years ago. All dividends on the mutual fund were reinvested into the portfolio as part of an automatic reinvestment program. Your account, in each of the past four years, earned 14% in the first year, 12% in the second year, 3% in the third year, and -22% in the last year. What was your holding period return over the four year period? (Your answer should be in percentage terms. Don't type the percent sign. If answer is 40.6%, type in 40.6.)

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