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    Exam 9: Compound Interest: Further Topics and Applications
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    A Portfolio Earned 20%, -20%, 0%, 20%, and -20% in Five
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A Portfolio Earned 20%, -20%, 0%, 20%, and -20% in Five

Question 194

Question 194

Short Answer

A portfolio earned 20%, -20%, 0%, 20%, and -20% in five successive years. What was the portfolio's five-year equivalent annually compounded rate of return?

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1.62% comp...

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