Level:
Project ID:
1003029505
Accepted:
1
Clonable:
0
Easy:
1
Your stock portfolio had the following returns in the five consecutive years: \( 10\% \), \( -20\% \), \( 0\% \), \( 10\% \), \( 20\% \) (the minus sign denotes the financial loss). We are interested in five years compound annual growth rate of the portfolio. What type of average do we need to use?
Geometric mean
Arithmetic mean
Harmonic mean
Weighted arithmetic mean