Using the returns for the period 1981 to 1985 listed below, calculate the five-year holding period r


Question: Using the returns for the period 1981 to 1985 listed below, calculate the five-year holding period return on the S&P 500 index.

1981 1982 1983 1984 1985
S&P 500 index return (%) -4.97 21.67 22.57 6.19 31.85

Holding-period return (p. 8, 12)

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