Q. Consider the following annual return for Fund Y over the past five years:
Exhibit 1:
Five-Year Annual Returns
Year Return (%)
Year 1 19.5
Year 2 −1.9
Year 3 19.7
Year 4 35.0
Year 5 5.7 The geometric mean return for Fund Y is closest to:
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A.14.9 percent.
B.15.6 percent.
C.19.5 percent.
D.
B.15.6 percent.
C.19.5 percent.
D.
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