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3. You earn 10 percent in 2020, 15 percent in 2021.. a) What is your arithmetic average return? b) What is your geometric average

3. You earn 10 percent in 2020, 15 percent in 2021.. a) What is your arithmetic average return? b) What is your geometric average return? c) Your IRR if you invest $100 at the beginning of 2020, $200 at the beginning of 2021 and withdraw all your funds at the end of 2021.

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