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The geometric average annual return for a large capitalization stock portfolio is 12% for ten years and 6% per year for the next five years.

The geometric average annual return for a large capitalization stock portfolio is 12% for ten years and 6% per year for the next five years. The geometric average annual return for the entire15-year periodis:

A.

9.96%

B.

9.47%

C.

10.46%

D.

10.96%

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