You make an investment and the annual returns are as follows: Year Return 1 .......... 25% 2..........
Question:
You make an investment and the annual returns are as follows:
Year Return
1 .......... 25%
2.......... 3
3 .......... -18
4 .......... -10
5 .......... 15
The average annual return is 3 percent. What is the true annualized return?
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