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You own a stock that has generated annual returns of 14.0 percent, 5.0 percent, and 12.0 percent over the last 3-year period. What is your
You own a stock that has generated annual returns of 14.0 percent, 5.0 percent, and 12.0 percent over the last 3-year period. What is your geometric mean return on this investment?
a. -1.59 percent
b. 10.50 percent
c. 9.44 percent
d. 6.65 percent (correct)
D is the correct answer please show the procedure
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