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Suppose you buy 5 0 0 shares of Applied Materials Corporation at the beginning of year 1 for $ 4 4 . 0 0 per

Suppose you buy 500 shares of Applied Materials Corporation at the beginning of year 1 for $44.00 per share. Applied Materials
Corporation pays no dividends. The stock price at the end of year 1 is $48.00, the price is $56.00 at the end of year 2, and the price is
$64.00 at the end of year 3. The stock price declines to $61.00 at the end of year 4, and you sell your 500 shares.
What is your geometric average return for the 4-year period?
Note: Round your answer to 2 decimal places. Do not round intermediate calculations.
Return
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