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In the last three years a stock had returns of 12.50%,23.00%, and 9.00%. What was the arithmetic average annual return of the stock? (Enter your

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In the last three years a stock had returns of 12.50%,23.00%, and 9.00%. 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 \). Your Answer: Answer units

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