Consider the following annual return for Fund Y over the past five years: The geometric mean return
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Consider the following annual return for Fund Y over the past five years:
The geometric mean return for Fund Y is closest to: A. 14.9 percent. B. 15.6 percent. C. 19.5 percent.
Transcribed Image Text:
Exhibit 1: Five-Year Annual Returns Year Year 1 Year 2 Year 3 Year 4 Year 5 Return (%) 19.5 -1.9 19.7 35.0 5.7
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