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You have earned the following annual historical rates of return for a risky portfolio: 2015 3.80% 2016 -28.67% 2017 9.75% 2018 13.69% 2019 5.89% 2020

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You have earned the following annual historical rates of return for a risky portfolio: 2015 3.80% 2016 -28.67% 2017 9.75% 2018 13.69% 2019 5.89% 2020 17.16% The arithmetic average return for this investment is: 3.6 Answer as a percentage and round to the nearest basis point. (Example 4.25)

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