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Five years ago, you purchased a portfolio of stocks at the cost of $129,000. Over the past five years, your annual returns were: (9.8%), (6.7%),
Five years ago, you purchased a portfolio of stocks at the cost of $129,000. Over the past five years, your annual returns were: (9.8%), (6.7%), 4.1%, 9.9%, and 15.6%. What was your geometric average return per year (nearest 1/10 of one percent without % symbol, e.g. 12.51)?
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