Heeeellp pleeease! I am completely stuck on this question and there's no explanation in the examiner's report - answers given only. Can anybody please explain it to me? It's not like Q5 in Apr 06 coz there are a few yrs returns given in Sept 05 so I am totally confused now. Thanks in advance!
You need to consider the returns over three years, e.g. (1+r1)*(1+r2)*(1+r3)-1 = 3 year return If you are having problems with that wait until you try April 06 - that's really tough! Maybe should buy ASSET!!!!
