Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:You have funds invested in a mutual fund of S&P 500 stocks. Over the last 5 years, the annual percent
returns of the S&P 500 are 20.12%, -6.84 %, 29.48 %, 16.86 %, and 15.09 %. What is the average
annual percent return on the S&P 500 stocks over the last 5 years?
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