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3.You make an investment and the annual returns are as follows: Year Return 1 45% 2 12 3 -8 4 20.25 The average annual return

3.You make an investment and the annual returns are as follows: Year Return 1 45% 2 12 3 -8 4 20.25 The average annual return is 17.31 percent. What is the true annualized return?

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