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Consider an investment held over three years with a return of +20 percent in the first year, -25 percent in the second year, and +20

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Consider an investment held over three years with a return of +20 percent in the first year, -25 percent in the second year, and +20 percent in the third year. What is the geometric mean return on the investment? Multiple Choice +5.0% -2.6% +8.0% :....: +2.6%

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