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4 The returns of a hypothetical portfolio over the last five years were as follows: +10%, +15%, -15%, +5%, +12%. What was the average realized

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4 The returns of a hypothetical portfolio over the last five years were as follows: +10%, +15%, -15%, +5%, +12%. What was the average realized annual return on this portfolio over this time? (answer in %, to two decimal places, xx.xx%)

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