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Suppose that an investment has yielded the following historical annual returns for the past 5 years: Year 1 = 23% Year 2 = 19% Year
Suppose that an investment has yielded the following historical annual returns for the past 5 years:
Year 1 = 23%
Year 2 = 19%
Year 3 = -4%
Year 4 = 17%
Year 5 = 11%
What is the geometric average rate of return for the past 5 years?
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