Erik Fineman estimates that over the past five years the arithmetic average return of his Bitcoin investment is 12.89%. He knows that during the first two years his Bitcoin investment earned a return of 15.75% and 23.01%, respectively. During the last two years, Erik knows that his Bitcoin investment earned a return of -9.82% and 9.49%, respectively. Given this information, during the third year, Erik Finemans Bitcoin investment earned a return of:

Multiple Choice

• 26.02%

• 23.42%

• 13.13%

• 6.38%

• 20.82%