The past five monthly returns for PG Company are 3.25 percent, -1.45 percent, 4.35 percent, 6.49 percent, and 3.75 percent. What is the average monthly return?
A)1.366 percent
B)1.608 percent
C)3.278 percent
D)3.858 percent

Question

Quizplus · Accepted Answer

To find the average monthly return, we need to add up all the monthly returns and divide by the number of months:
(3.25% + 1.45% + 4.35% + 6.49% + 3.75%) / 5 = 3.278%
Therefore, the average monthly return is 3.278 percent, which is closest to choice C.

The Past Five Monthly Returns for PG Company Are 3