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You have observed a particular stock over the past year. Monthly returns have been as follows: -4%, 5%, 1%, 8%, 0%, 9%, 5%, 9%, -11%,

You have observed a particular stock over the past year. Monthly returns have been as follows: -4%, 5%, 1%, 8%, 0%, 9%, 5%, 9%, -11%, 9%, -3%, 8%. Using Excel, calculate the average monthly returns to the nearest hundredth of a percent (.01). The average function is =average( )

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