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The quarterly returns on an investment are as follows: 5%, 3%, 2.5%, 1.5%. What is the effective annual return (EAR)? Do not copy from Chegg

The quarterly returns on an investment are as follows: 5%, 3%, 2.5%, 1.5%. What is the effective annual return (EAR)?

Do not copy from Chegg and give complete answer with explanation

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