Question: The S&P 500 index delivered a return of 15%, -12%, 25%, and 10% over four successive years. What is the arithmetic average annual return per year? A. 8.50% B. 9.50% C. 12.25% D. 9.00%

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.2MBA
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Question: The S&P 500 index delivered a return of 15%, -12%,
25%, and 10% over four successive years. What is the
arithmetic average annual return per year?
A. 8.50%
B. 9.50%
C. 12.25%
D. 9.00%
Transcribed Image Text:Question: The S&P 500 index delivered a return of 15%, -12%, 25%, and 10% over four successive years. What is the arithmetic average annual return per year? A. 8.50% B. 9.50% C. 12.25% D. 9.00%
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