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-The Value of an Investment at the End of Each

Question 11

Multiple Choice

 Year  Return (%)  Year 17% Year 217% Year 3−2.4% Year 42%\begin{array}{|c|c|}\hline \text { Year } & \begin{array}{c}\text { Return } \\\mathbf{( \% ) }\end{array} \\\hline \text { Year } 1 & 7 \% \\\hline \text { Year } 2 & 17 \% \\\hline \text { Year } 3 & -2.4 \% \\\hline \text { Year } 4 & 2 \% \\\hline\end{array}
-The value of an investment at the end of each of four years is shown above.What is the arithmetic cumulative return over the four years?


A) 23.6%
B) 17%
C) -2.14%
D) 2%

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