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An investment has holding period returns of 4%, 20%, -7%, and -3% in four consecutive years. Calculate the geometric average return. Give your answer as

 

An investment has holding period returns of 4%, 20%, -7%, and -3% in four consecutive years. Calculate the geometric average return. Give your answer as a percent and to the nearest 0.01% (e.g. type 3.25 if your answer is three and a quarter percent). 

 

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