Ten annual returns are listed in the following


Ten annual returns are listed in the following table:

-19.4% 16.7% 18.1% -49.6% 43.7% 1.3% -16.3% 45.6% 45.2% -3.3%

Arithmetic average return over 10-year period is 0.0820

b) What is the geometric average return over the 10-year period?

c) If you invested $100 at the beginning, how much would you have in the end?

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Financial Management: Ten annual returns are listed in the following
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