Financial Risk Manager Part 1
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Quadholding Mutual is a mutual fund in the United States who reports the following sequence of per annum returns over the last five years: +7.0%, +15.0%, +20.0%, +5.0%, +18.0%. Each of the following statements about this mutual fund is true EXCEPT which is false?
Quadholding Mutual is a mutual fund in the United States who reports the following sequence of per annum returns over the last five years: +7.0%, +15.0%, +20.0%, +5.0%, +18.0%. Each of the following statements about this mutual fund is true EXCEPT which is false?
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A
The arithmetic mean return is 13%
B
The geometric mean return is approximately 12.8%
C
The fund achieved positive returns in all five years
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