Your portfolio had the values in the following table for the four years listed. There were no

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Your portfolio had the values in the following table for the four years listed. There were no withdrawals or contributions of new funds to the portfolio. Calculate your average return over the four-year period.

Year ______Beginning Value _____Ending Value

2013 .............. $50,000 .................. $55,000

2014 ............. $55,000 .................. $58,000

2015 ............. $58,000 .................. $65,000

2016 ............ $65,000 ................... $70,000

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Fundamentals Of Investing

ISBN: 9780134083308

13th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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