The returns for the Goldigova Syndicate over the last 4 years are given below.
A) Assuming no dividends were paid, what was the 5-year “AVERAGE” holding period return (geometric return)?
Year 1 return = 11%
Year 2 return = - 6%
Year 3 return = - 4%
Year 4 return = 7.5%
Year 5 return = 3.2%
B) What is the average (arithmetic) return?