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Problem 23-4 An investor is evaluating the historical performance of an investment fund. The following annual returns are provided to the investor: Fund Value Year

Problem 23-4

An investor is evaluating the historical performance of an investment fund. The following annual returns are provided to the investor: Fund Value Year 0 $200 Year 1 220 Year 2 250 Year 3 237 Year 4 232 Year 5 227 Required: a. Calculate the investment returns for each year. b. Compute the arithmetic mean return. c. Calculate the geometric mean return. Thank you

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