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Rates of Return An investor earned a geometric average return over 4 years of 13.20%. The first year's return was 13.70%, the second year's return

Rates of Return An investor earned a geometric average return over 4 years of 13.20%. The first year's return was 13.70%, the second year's return was -3.60%, the third year's return was 24.10%. What was the fourth year's return?

18.60%

13.20%

20.72%

21.53%

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