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Vandelay Corporation's stock produced returns of 22%, 14%, and -11% over three of the past four years. The arithmetic average for the past four years

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Vandelay Corporation's stock produced returns of 22%, 14%, and -11% over three of the past four years. The arithmetic average for the past four years is 10.5%. What is the geometric average return for the 4-year period? a 9.70% b. 10.68% c. 11.50 d. 8.91%

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