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In the first trading day of 1998, Hang Seng Index closed at 10680.60, while in the...

In the first trading day of 1998, Hang Seng Index closed at 10680.60, while in the last trading day of 2017, it closed at 29919.15. What is the average annual growth rate of Hang Seng Index in this 20-year?  

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Answer #1

Time Period = 20 years

CAGR = (29,919.15/10,680.60)^(1/20) - 1

CAGR = 0.0529

So,

Compounded Annual Growth Rate = 5.29%

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