Kevin invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 16.30 percent in 2012, 32.70 percent in 2013, 11.40 percent in 2014, and 3.00 percent in 2015. What return did he earn in the average year during the 2012-2015 period? (Use arithmetic average.) (Round answer to 2 decimal places, e.g. 1.52.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Return earned in the average year %
Kevin invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 16.30 percent in 2012, 32.70 percent in 2013, 11.40 percent in 2014, and 3.00 percent in 2015. What return did he earn in the average year during the 2012-2015 period? (Use arithmetic average.) (Round answer to 2 decimal places, e.g. 1.52.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Return earned in the average year %
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
Section: Chapter Questions
Problem 7FPE: Using the Value Line Investment Survey report in Exhibit 11.5, find the following information for...
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