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A portfolio manager states that the return for the period is -5.34 per cent by using the following annual rate of return: 1 year =
A portfolio manager states that the return for the period is -5.34 per cent by using the following annual rate of return: 1 year = 6% 2 Year =-37% 3 year = 27% What type of rate of return (HPR, AM or GM) said by the manager and why?
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