The past five monthly returns for Kohls are 3.86 percent, 4.42 percent, -2.00 percent, 9.41 percent, and -2.88 percent. What is the average monthly return? Note: Round your answer to 3 decimal places.

The past five monthly returns for Kohls are 3.86 percent, 4.42 percent, -2.00 percent, 9.41 percent, and -2.88 percent. What is the average monthly return? Note: Round your answer to 3 decimal places.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

The past five monthly returns for Kohls are 3.86 percent, 4.42 percent, -2.00 percent, 9.41 percent, and -2.88 percent. What is the
average monthly return?
Note: Round your answer to 3 decimal places.
Answer is complete but not entirely correct.
Average
return
5.061 %

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