Question

Sally has invested in a portfolio that has earned 30% in January, -30% in February, and...

Sally has invested in a portfolio that has earned 30% in January, -30% in February, and 21% in March. What was her average monthly return?

3.37%

7%

3.26%

6.56%

0 0
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Answer #1

Average monthly rate:

= Total return over 3 months/Number of months

= (30%-30%+21%)/3

= 21%/3

= 7%

Hence, correct option is 7%

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