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Over a six - year period, the returns to the S&P 5 0 0 Index were: 2 3 . 5 % , 1 2 .

Over a six-year period, the returns to the S&P 500 Index were: 23.5%,12.8%,0.0%,13.4%,29.6%,11.4%. Compute the arithmetic average annual return for the S&P 500 Index for this time period.
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