Sharif's portfolio generated returns of 12 percent, 15 percent, -15 percent, 19 percent, and -12 percent over five years. What was his average return over this period?
A)19 percent
B)3.8 percent
C)17 percent
D)2.1 percent

Question

Quizplus · Accepted Answer

To find the average return, sum all the returns and divide by the number of years: (12 + 15 - 15 + 19 - 12) / 5 = 19 / 5 = 3.8 percent.

Sharif's Portfolio Generated Returns of 12 Percent, 15 Percent, -15