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The past five monthly returns for Kohls are 3.94 percent, 4.62 percent, 2.08 percent, 9.45 percent, and 2.96 percent. What is the average monthly return?

The past five monthly returns for Kohls are 3.94 percent, 4.62 percent, 2.08 percent, 9.45 percent, and 2.96 percent. What is the average monthly return? (Round your answer to 3 decimal places.)

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