The following were the closing year-end prices of the Japanese stock market index, the Nikkei- 225:
![1508_Table 3.jpg](https://secure.tutorsglobe.com/CMSImages/1508_Table%203.jpg)
Assume that each historical rate of return was exactly one representative scenario (independent sample draw) that you can use to estimate the future.
If a Japanese investor had purchased a mutual fund that imitated the Nikkei-225, what would her annual rates of return, compounded rate of return (from the end of 1984 to the end of 2007), average rate of return, and risk have been?