NO.PZ2015121801000036
问题如下：
An analyst obtains the following annual rates of return for a mutual fund:
The fund’s holding period return over the three-year period is closest to:
选项：
A.
0.18%.
B.
0.55%.
C.
0.67%.
解释：
B is correct.
[(1+0.14)(1-0.10)(1-0.02)]–1 = 0.0055 = 0.55%.
老师，我想问问这个什么时候用geometric return，什么时候用annual return这样，因为这道题就没开三次方，就有点混。
