The returns from an investment are 1% in Year 1, 5% in Year 2, and 3.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) Annualized return %
The returns from an investment are 1% in Year 1, 5% in Year 2, and 3.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) Annualized return %
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
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Transcribed Image Text:The returns from an investment are 1% in Year 1, 5% in Year 2, and 3.8% in the first half of Year 3. Calculate the annualized return for the
entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
Annualized return
%
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