Determine the effective annual rate of return (realized return) on stock ABC over the past 5 years. Stock ABC had a return of -8.8% in 2019, a return of 11.7% in 2018, a return of 9.9% in 2017, a return of 14.3% in 2016 and a return of 23.6% in 2015.

What is the stocks effective annual rate of return over this period?

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