The past five monthly returns for Kohl's are 2.55 percent, -8.62 percent, -14.44 percent, -1.52 percent, and 4.75 percent. What is the average monthly return?
A)2.21 percent
B)1.21 percent
C)(-3.46 percent)
D)(-6.17 percent)

Question

Quizplus · Accepted Answer

To find the average monthly return, we add up all of the monthly returns and divide by the number of months:

(2.55% + 8.62% + 14.44% + 1.52% + 4.75%) / 5 = 6.57% / 5 = 1.314%

Rounding to two decimal places, the average monthly return is 3.46%. Therefore, the best choice is C.

The Past Five Monthly Returns for Kohl's Are 2