Question: A mutual fund has the following returns for three consecutive years: 8%, 3.5%, and 16%. a. What is the cumulative wealth per $1 invested? b.

A mutual fund has the following returns for three consecutive years: —8%, 3.5%, and 16%.
a. What is the cumulative wealth per $1 invested?
b. What is the geometric mean return for this three-year period?

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