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Given the Following Series of Annual Returns for a Managed

Question 36

Multiple Choice

Given the following series of annual returns for a managed fund: 5%, 6%, 23%, -15%, 20%, -29%, 40%, -40%, 23%, the average annual return over the period was:


A) 3.67%.
B) 6.37%.
C) 10.11%.
D) 13.44%.

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