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An asset management firm generated the following annual returns in their US large-cap equity portfolio: Year Net Return (%) 2012 -32.2 2013 31.5 2014 8.1
An asset management firm generated the following annual returns in their US large-cap equity portfolio:
Year | Net Return (%) |
2012 | -32.2 |
2013 | 31.5 |
2014 | 8.1 |
2015 | -1.2 |
The 2016 return needed to achieve a trailing five-year geometric mean annualized return of 5% when calculated at the end of 2016 is closest to:
A. 30.6%. B. 19.9%. C. 26.6%.
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