The past five monthly returns for K and Company are 2.28 percent, 2.64 percent, −1.05 percent, 4.25 percent, and 9.25 percent. What is the average monthly return?
A) 1.45 percent
B) 1.62 percent
C) 3.47 percent
D) 3.89 percent

Question

Quizplus · Accepted Answer

The average monthly return is calculated by summing all the monthly returns and then dividing by the number of months. So, (2.28 + 2.64 - 1.05 + 4.25 + 9.25) / 5 = 17.47 / 5 = 3.47 percent.

The Past Five Monthly Returns for K and Company Are