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4.What is the True Average Annualized Return for the following return series? Semi-Annual Returns 0 2.50% 1 8.40% 2 1.87% 3 5.30% 4 2.77% 5

4.What is the True Average Annualized Return for the following return series? Semi-Annual Returns 0 2.50% 1 8.40% 2 1.87% 3 5.30% 4 2.77% 5 1.46% 6 6.03% 7 2.09% 8 4.47%

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