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13. Suppose you invested $100 per year in fund XYZ at the beginning of each of those four years. Which measure of return over the

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13. Suppose you invested $100 per year in fund XYZ at the beginning of each of those four years. Which measure of return over the four years would you use to forecast next year's expected return? (a) Geometric average (b) Not enough information (c) Dollar-weighted (d) Arithmetic average (e) None of the above

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