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Consider an investment in a large stock index fund over a 32 year period. Suppose that you made an initial lump sum investment of $1,000.

Consider an investment in a large stock index fund over a 32 year period. Suppose that you made an initial lump sum investment of $1,000. Your ending real wealth is $52,891. What is the corresponding geometric mean real annual return on this investment?

Give your answerin percentto two decimal places. Do not type the % symbol.

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