Question: The exercise Excel notebook gives data for three mutual funds. Compute the discrete annual returns for each fund and then use an array function to

 The exercise Excel notebook gives data for three mutual funds. Compute

The exercise Excel notebook gives data for three mutual funds. Compute the discrete annual returns for each fund and then use an array function to compute the compound annual return over the period. Recall that discretely compounded, the return in year t is (Fund value / Fund value-1) - 1. If the returns were continuously compounded, then the year-t return would be In(Fund value / Fund value-1). The exercise Excel notebook gives data for three mutual funds. Compute the discrete annual returns for each fund and then use an array function to compute the compound annual return over the period. Recall that discretely compounded, the return in year t is (Fund value / Fund value-1) - 1. If the returns were continuously compounded, then the year-t return would be In(Fund value / Fund value-1)

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