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Suppose the average is 5.4% and past returns have been 10%, 14%, 7%, 17%, -8%, 9% -5%, 11%, and -17%. What is the return of

Suppose the average is 5.4% and past returns have been 10%, 14%, 7%, 17%, -8%, 9% -5%, 11%, and -17%. What is the return of the tenth year (in percent)

15

16

-18

-19

17

25

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