12. The returns for AhhChocolate.com over the last 5 years are given below. Assuming no dividends were paid, what is the 5-year average Holding Period (Geometric) Return for AhhChocolate?

Year 1 return = 5.3%

Year 2 return = - 4.6%

Year 3 return = - 3.2%

Year 4 return = 1.2%

Year 5 return = 3.5%