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A Five-Year Investment Earned the Following Annual Rates of Return

Question 146

Multiple Choice

A five-year investment earned the following annual rates of return: 4.2%, 6.8%, 9.8% 12.1% and -11.6%. Determine the average annual rate of return.

A) 2.45%
B) 2.63%
C) 3.05%
D) 3.68%
E) 3.90%

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