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Below you are given the rate of return for an asset for each year 2017 through 2020. Use this information to answer the questions below.
Below you are given the rate of return for an asset for each year 2017 through 2020. Use this information to answer the questions below. 2017 5.5% 2018 -2.4% 2019 3.2% 12.0% 2020 (a) Calculate the arithmetic and geometric average return over the 4 year period. (b) If you invested $1000 in this asset at the beginning of 2017, how much would it be worth at the end of 2020
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