The returns for Curlin.com over the last 5 years are given below. Assuming no dividends were paid, what was the 5-year AVERAGE holding period return for Curlin? Given the following information:

Year 1 return = 17%

Year 2 return = - 3%

Year 3 return = 4%

Year 4 return = - 1%

Year 5 return = 5%