Brian invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 17.60 percent in 2012, 32.05 percent in 2013, 11.40 percent in 2014, and 1.40 percent in 2015. What was the average annual return that Brian earned over the 2012-2015 period. (Use geometric average.) (Round answer to 2 decimal places, e.g. 1.52.)
Brian invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 17.60 percent in 2012, 32.05 percent in 2013, 11.40 percent in 2014, and 1.40 percent in 2015. What was the average annual return that Brian earned over the 2012-2015 period. (Use geometric average.) (Round answer to 2 decimal places, e.g. 1.52.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Brian invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 17.60 percent in 2012, 32.05 percent in
2013, 11.40 percent in 2014, and 1.40 percent in 2015. What was the average annual return that Brian earned over the 2012-2015
period. (Use geometric average.) (Round answer to 2 decimal places, e.g. 1.52.)
may have](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fd35472-f472-47fb-8391-58f06d3634bb%2F3918e5ab-e2fd-466a-b4e5-26b8446f289e%2Fq60xx6o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Brian invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 17.60 percent in 2012, 32.05 percent in
2013, 11.40 percent in 2014, and 1.40 percent in 2015. What was the average annual return that Brian earned over the 2012-2015
period. (Use geometric average.) (Round answer to 2 decimal places, e.g. 1.52.)
may have
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