I am studying for a test and I want to understand the concept. Your mutual fund goes
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Question:
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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