You have funds invested in a mutual fund of S&P 500 stocks. Over the last 5 years, the annual percent returns of the S&P 500 are 20.12%, -6.84 %, 29.48 %, 16.86 %, and 15.09 %. What is the average annual percent return on the S&P 500 stocks over the last 5 years?
You have funds invested in a mutual fund of S&P 500 stocks. Over the last 5 years, the annual percent returns of the S&P 500 are 20.12%, -6.84 %, 29.48 %, 16.86 %, and 15.09 %. What is the average annual percent return on the S&P 500 stocks over the last 5 years?
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:You have funds invested in a mutual fund of S&P 500 stocks. Over the last 5 years, the annual percent
returns of the S&P 500 are 20.12%, -6.84 %, 29.48 %, 16.86 %, and 15.09 %. What is the average
annual percent return on the S&P 500 stocks over the last 5 years?
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