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 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
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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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