The average annual return on IBM from 1996 to 2005 is closest to ________
Consider the following realized annual returns:
Year-end S&P 500
Realized
Return IBM
Realized
Return
1996 23.3% 45.7%
1997 24.7% 26.7%
1998 31.6% 85.0%
1999 9.0% 23.1%
2000 -2.0% 0.2%
2001 -17.3% -3.2%
2002 -24.3% -27.0%
2003 32.8% 26.6%
2004 4.4% -5.1%
2005 7.4% -11.3%
A) 18.48%
B) 16.07%
C) 19.28%
D) 28.93%
Answer: B
Business
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