Sample Question #90 (finance)
An asset I’ve held for exactly five years has generated a total return of 76.2%. What was its average annual return over this five-year period? Show me your calculation.
(Comment: calculating asset returns is a very fundamental operation on finance, but a lot of candidates get even the easiest questions wrong. Don’t ever let your guard down even if you think a question is "too easy.")
(Hint: it ain’t 76.2/5!)