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Your rich Uncle Bertie invested $7,603 on your behalf 12 years ago into a hedge fund. You just found out that your share of that
Your rich Uncle Bertie invested $7,603 on your behalf 12 years ago into a hedge fund. You just found out that your share of that hedge fund is now worth $88,947. What was the average annual return on that hedge fund over the last 12 years? (Please respond with two decimal points - known as the 100 basis point - precision, for instance 19.02 for 19.02%).
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