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Given the following historical returns, what is the Geometric Average Return? Year 1 = 13%; year 2 = 7%; year 3 = 20%. 13.21% 8.67%

Given the following historical returns, what is the Geometric Average Return? Year 1 = 13%; year 2 = 7%; year 3 = 20%.

  1. 13.21%
  2. 8.67%
  3. 13.33%
  4. 40.00%

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