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A portfolio (which had no cash inflows nor outflows) had the following returns during the second quarter of the year: April 5%, May - 10%, June 30%. What is the annualized cumulative average return for the quarter? (expressed in percentage points with 2 decimals, e.g. 5.45%)

A portfolio (which had no cash inflows nor outflows) had the following returns during the second quarter of the year: April 5%, May - 10%, June 30%. What is the annualized cumulative average return for the quarter? (expressed in percentage points with 2 decimals, e.g. 5.45%)

Essentials Of Investments
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
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A portfolio (which had no cash inflows nor outflows) had the following returns during the second quarter of the year: April 5%, May - 10%, June 30%. What is the annualized cumulative average return for the quarter? (expressed in percentage points with 2 decimals, e.g. 5.45%)
Transcribed Image Text:A portfolio (which had no cash inflows nor outflows) had the following returns during the second quarter of the year: April 5%, May - 10%, June 30%. What is the annualized cumulative average return for the quarter? (expressed in percentage points with 2 decimals, e.g. 5.45%)
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