The average annual return is 0.50%.

11.Consider an investment with the following returns over four years:

 

Year 1 2 3 4
Return 15% 7% 9% 11%

 

What is the average annual return of the investment over the four years?

The average annual return is 1.50%.

The average annual return is 0.50%.

The average annual return is 10.50%.

The average annual return is 5.50%.