The Dow Jones index delivered a return of 18%, -7%, 22%, and 9% over four successive years. What is the arithmetic average annual return per year?

Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
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Chapter16: Mastering Financial Management
Section: Chapter Questions
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what is the arithmetic average annual return per year?

The Dow Jones index delivered a return of
18%, -7%, 22%, and 9% over four successive
years. What is the arithmetic average annual
return per year?
Transcribed Image Text:The Dow Jones index delivered a return of 18%, -7%, 22%, and 9% over four successive years. What is the arithmetic average annual return per year?
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