Arithmetic average: Tanner invested $1,000 in large U.S. stocks at the beginning of 2017. This investment earned
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Arithmetic average: Tanner invested $1,000 in large U.S. stocks at the beginning of 2017. This investment earned 15.98 percent in 2017, 32.41 percent in 2018, 13.69 percent in 2019, and 1.41 percent in 2020.
What return did he earn in the average year during the 2017–2020 period?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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