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Over a period of thirty-odd years in managing investment funds, Benjamin Graham used the approach of investing in the stocks of companies where the stocks were trading at less than their working capital value. The average return from using this strategy was approximately ______.

A. 5%
B. 10%
C. 15%
D.20%
E. none of the above

Respuesta :

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Answer:

(d) 20%

Explanation:

Although Benjamin Graham said in 1976 that markets were so efficient that one could not expect to identify undervalued securities consistently as he had done throughout his career, he continued to find this one variable useful. His return was 20%.

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