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Suppose an investor purchases a stock at time 0 for $ 9 5 . At time 1 : the stock price is $ 1 1
Suppose an investor purchases a stock at time for $
At time : the stock price is $
At time : the stock price is $
At time : the stock prie is $
Calculate the geometric mean rate of return. Answer the question as a percentage, rounded to two decimal places.
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