Over the past four years, the Dow Jones Industrial Average (DJIA) delivered annual returns of 12%, -3%, 18%, and 9%. What is the arithmetic average annual return per year? a) 10.25% b) 8.50% c) 9.00% d) 9.75%

Over the past four years, the Dow Jones Industrial Average (DJIA) delivered annual returns of 12%, -3%, 18%, and 9%. What is the arithmetic average annual return per year? a) 10.25% b) 8.50% c) 9.00% d) 9.75%

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter12: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 3P: Smiley Corporations current sales and partial balance sheet are shown here. Sales are expected to...

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Question

What is the arithmetic average annual return per year ? General accounting question

Over the past four years, the Dow
Jones Industrial Average (DJIA)
delivered annual returns of 12%, -3%,
18%, and 9%.
What is the arithmetic average annual
return per year?
a) 10.25%
b) 8.50%
c) 9.00%
d) 9.75%

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