2007 Exam question 5 CU endowment

in the answer key for Part B, the calculated CU market value growth as stated in the answer key is 0.5%. How did they come up with this?

Beg MV at 92 : 490Mn 2006 MV : 500 find out comp growth

2003: +8.16% 2004: -6.60% 2005: 11.11% 2006: -9.09% Annlzd: +0.51%

got it. Thanks!

Didn’t really agree with the conclusion here. So performance wasn’t so great last couple of years. Why does that affect the risk tolerance for the future? It’s not like the fund is down 50% or something, and it’s only 5% of the total budget!