Transcribed image text: Which of the following should be used in determining the true annual return of

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Transcribed image text: Which of the following should be used in determining the true annual return of a portfolio held for more than 1 year? Multiple Choice Arithmetic mean Sum of annual returns divided by number of years Geometric mean Dollar return divided by ending portfolio value

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Transcribed image text: Which of the following should be used in determining the true annual return of

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