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Over the past four years, your stock portfolio has returned the following: Year 1 Return 8% 2 -3% 34 3 5% 4 10% a)

Over the past four years, your stock portfolio has returned the following: Year 1 Return 8% 2 -3% 34 3 5% 4 10% a) Find the arithmetic average return for the four years. b) Find the arithmetic average return for the four years. c) Using Blume's formula, what average retum forecast should you use for a three year forecast?

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