Investor has had the following returns in the Magic Fund for the past 4 years: 15%, 25%, -30%, 18%. Find the total return over the four years. Method of calculation should be Find the annual geometric return. Method of calculation should be clear. a) clear. b)

Investor has had the following returns in the Magic Fund for the past 4 years: 15%, 25%, -30%, 18%. Find the total return over the four years. Method of calculation should be Find the annual geometric return. Method of calculation should be clear. a) clear. b)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 7FPE

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Question

Investor has had the following returns in the Magic Fund for the past 4 years: 15%,
25%, -30%, 18%.
Find the total return over the four years. Method of calculation should be
Find the annual geometric return. Method of calculation should be clear.
a)
clear.
b)

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