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Given the holding period return series of Microsoft from 2019 to 2021 below, Year HPR 2019 57.55% 2020 42.53% 2021 52.48% Calculate the expected (average

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Given the holding period return series of Microsoft from 2019 to 2021 below, Year HPR 2019 57.55% 2020 42.53% 2021 52.48% Calculate the expected (average return) 4.70% None of the answers is correct 50.85% 11.37% 34.00%

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