A portfolio earned annual rates of 20%, 15%, -10%, 25%, and -5% in five successive years. What

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A portfolio earned annual rates of 20%, 15%, -10%, 25%, and -5% in five successive years. What was the portfolio’s five-year equivalent annually compounded rate of return?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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