What is the cumulative returns over the 5-year period what


A stock fund had the following returns:

Year 1: 15%   Year 3: -10%   Year 5: 5%

Year 2: 20%   Year 4: -20%

a. What is the cumulative returns over the 5-year period?

b. What is the average annualized return over the 50 year period?

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Financial Management: What is the cumulative returns over the 5-year period what
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