Erik Fineman estimates that over the past five years the arithmetic average return of his Bitcoin investment is 13.16%. He knows that during the first two years his Bitcoin investment earned a return of 16.11% and 23.82%, respectively. During the last two years, Erik knows that his Bitcoin investment earned a return of -11.53% and 9.58%, respectively. Given this information, during the third year, Erik Fineman’s Bitcoin investment earned a return of: a. 25.04%  b. 14.66%  c. 22.26% d. 4.76% e. 27.82%

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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Erik Fineman estimates that over the past five years the arithmetic average return of his Bitcoin investment is 13.16%. He knows that during the first two years his Bitcoin investment earned a return of 16.11% and 23.82%, respectively. During the last two years, Erik knows that his Bitcoin investment earned a return of -11.53% and 9.58%, respectively. Given this information, during the third year, Erik Fineman’s Bitcoin investment earned a return of:

a. 25.04% 

b. 14.66% 

c. 22.26%

d. 4.76%

e. 27.82% 

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