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value: 1.00 points MC Qu. 80 An asset had annual returns of... An asset had annual returns of 17,-35,-18, 24, and 6 percent, respectively, over the past five years. What is the arithmetic average return? O -12 percent O 0.8 percent 1.2 percent O 16 percent O 2.3 percent

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Answer #1

A. -1.2 percent

Arithmetic average return = (0.17 - 0.35 - 0.18 + 0.24 + 0.06) / 5 = -0.012 or -1.2 percent

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