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You've observed the following returns on Debarr Corporation's stock over the past five years: 13 percent, 40 percent, -35 percent, 38 percent, and 38 percent.
You've observed the following returns on Debarr Corporation's stock over the past five years: 13 percent, 40 percent, -35 percent, 38 percent, and 38 percent. What was the arithmetic average return on the stock over this five-year period? Round your answer to the nearest basis point (i.e. xx.xx%).
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