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You have an asset that has an arithmetic average return of 10.9 percent over the past five years. The annual returns for four years were
You have an asset that has an arithmetic average return of 10.9 percent over the past five years. The annual returns for four years were 8%, 16%, 9%, and 13%. What was the assets return for the fifth year?
Question 12 options: 20.7% 22.8% 17.8% 26.5%
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