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I am studying for a test and I want to understand the concept. Your mutual fund goes up 15.5 15.5% in the firstyear, then down

I am studying for a test and I want to understand the concept.

Your mutual fund goes up 15.5

15.5% in the firstyear, then down 2.3

2.3% in the 2ndyear, and finally up again 4.9

4.9% in the 3rd year. Complete parts a and b.

a) What is the average rate of return peryear?

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