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EXPLAIN STEP BY STEP A portfolio (which had no cash inflows nor outflows) had the following returns during the second quarter of the year: April

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EXPLAIN STEP BY STEP

A portfolio (which had no cash inflows nor outflows) had the following returns during the second quarter of the year: April 5%, May 10%, June 30%. What is the annualized cumulative average return for the quarter? (expressed in percentage points with 2 decimals, e.g. 5.45\%)

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