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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circle true or false for the followinga if markets follow the weak form of market efficiency skilled managers using
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