An analyst obtains the following annual rates of return for a mutual fund, which are presented in Exhibit 3. 

The fund’s holding period return over the three-year period is closest to:

A. 0.18 percent.

B. 0.55 percent.

C. 0.67 percent.

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Exhibit 3: Mutual Fund Performance, 20X8-20X0 Year 20X8 20X9 20X0 Return (%) 14 -10 -2