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You have been asked to determine the historical average annual rate of return on Stock A. Stock A had a return of -7.9% in 2020,
You have been asked to determine the historical average annual rate of return on Stock A. Stock A had a return of -7.9% in 2020, a return of 8.0% in 2019, a return of 9.2% in 2018, a return of 17.9% in 2017 and a return of 29.3% in 2016. Based on this information what was Stock A's historical average annual rate of return? Your answer should be shown as a percentage and it should be accurate to two decimal places.
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