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Florida Company (FC) and Minnesota Company (MC) are both service companies. Their stock returns for the past three years were as follows: FC: 5 percent,
Florida Company (FC) and Minnesota Company (MC) are both service companies. Their stock returns for the past three years were as follows: FC: 5 percent, 15 percent, 20 percent; MC: 8 percent, 8 percent, 20 percent. Calculate the mean return for each company.
a. FC: 12 percent; MC: 6 percent
b. FC: 10 percent; MC: 12 percent
c. FC: 20 percent; MC: 32 percent
d. None of the options are correct.
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