The S&P 500 index delivered a return of 20%, -5%, 20%, and 5% over four successive years. What is the arithmetic average annual return per year? O A. 10% OB. 11% O C. 12% D. 15%

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.2MBA
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The S&P 500 index delivered a return of 20%, -5%, 20%, and 5% over four successive years. What is the arithmetic
average annual return per year?
O A. 10%
OB. 11%
O C.
12%
D. 15%
Transcribed Image Text:The S&P 500 index delivered a return of 20%, -5%, 20%, and 5% over four successive years. What is the arithmetic average annual return per year? O A. 10% OB. 11% O C. 12% D. 15%
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