Question: How would you define the Cumulative Return (CR), mathematically? Denote by r, t=1,2,..., N, the sample of returns under consideration. Select one: O a. CR+

 How would you define the "Cumulative Return (CR)", mathematically? Denote by

How would you define the "Cumulative Return (CR)", mathematically? Denote by r, t=1,2,..., N, the sample of returns under consideration. Select one: O a. CR+ = {I$1(1+rt) 1} Ob. CR7 = {IINS1(1+r)} - 1 Oc. O d. CR; = {TINS/(1+r+ - 1)} CR7 = {INS (rt - 1)} + 1 CR= {IIS (rt - 1)} Oe

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