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1. You have observed the following returns on ABC's stocks over the last five years: 3.9%, 9.1%, 9.3%, 11.7%, 9.2% 2. You have observed the
1. You have observed the following returns on ABC's stocks over the last five years:
3.9%, 9.1%, 9.3%, 11.7%, 9.2%
2. You have observed the following returns on ABC's stocks over the last five years:
3.2%, 9.7%, 8.1%, 13.6%, 5.6%
What is the geometric average returns on the stock over this five-year period.
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