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In the last three years a stock had returns of 9.50%, -14.00%, and 12.00%. What was the arithmetic average annual return of the stock? (Enter

In the last three years a stock had returns of 9.50%, -14.00%, and 12.00%. What was the arithmetic average annual return of the stock? (Enter your answer as a percentage rounded to 2 decimal places. For example, enter 1.53% instead of .0153.)

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