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Consider the returns of the MSCI index of developed markets equity in column C of the Excel file that goes with this quiz. Given the
Consider the returns of the MSCI index of developed markets equity in column C of the Excel file that goes with this quiz. Given the returns over the 1988-2013 period, what has been the arithmetic mean annual return of these markets?
a) 8.5%
b) 4.8%
c) 7.3%
d) 9.7%
e) 6.0%
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