The NASDAQ index delivered a return of 12%, 3%, 20%, and 8% over four successive years. What is the arithmetic average annual return per year? -
The NASDAQ index delivered a return of 12%, 3%, 20%, and 8% over four successive years. What is the arithmetic average annual return per year? -
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The NASDAQ index delivered a return of 12%,
3%, 20%, and 8% over four successive years.
What is the arithmetic average annual return
per year?
-
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