Over the past four years, Hi-Tech Development stock returned 36.1, 42.9, 15.4, and -33.2 percent annually. What is the arithmetic average return?
A) 15.30 percent
B) 17.67 percent
C) 20.53 percent
D) 24.20 percent
E) 32.25 percent

Question

Quizplus · Accepted Answer

The arithmetic average return is the sum of the returns divided by the number of years. In this case, the arithmetic average return is (36.1 + 42.9 + 15.4 - 33.2) / 4 = 15.30%.

Over the Past Four Years, Hi-Tech Development Stock Returned 36