An investment had annual holding period returns of 5%, 12%, and 10% for the last three years. What are the arithmetic average of the rate of returns on the investment? O a) 8.33% O b) 10% O c) 8.96% d) 12%

Survey of Accounting (Accounting I)
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ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
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An investment had annual holding period returns of 5%, 12%, and 10% for the last three years. What
are the arithmetic average of the rate of returns on the investment?
a)
8.33%
b) 10%
O c) 8.96%
d) 12%
e) 9%
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Transcribed Image Text:An investment had annual holding period returns of 5%, 12%, and 10% for the last three years. What are the arithmetic average of the rate of returns on the investment? a) 8.33% b) 10% O c) 8.96% d) 12% e) 9% Page 23 of 25 Next Page Previous Page Submit Quiz 19 of 25 questions saved
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