The PGA operates as two divisions: one that governs the club professionals who serve amateur players and another, known today as
1 answer:
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Answer:
Option (D) 16.57%
Explanation:
Data provided in the question:
Realized gain
r₁ = 20%
r₂ = 20%
r₃ = 10%
Now,
Geometric average = - 1
here,
n = 3
therefore,
Geometric average = - 1
or
Geometric average = - 1
or
Geometric average = 1.1657 - 1
or
Geometric average = 0.1657
= 0.1657 × 100%
= 16.57%