Question: One of the more volatile mutual funds in recent years has been the AGF China Focus Fund. The funds annual returns in successive years from

One of the more volatile mutual funds in recent years has been the AGF China Focus Fund. The fund’s annual returns in successive years from 2003 to 2008 inclusive were 63.4%, -9.3%, 8.6%, 67.6%, 30.5%, and -41.7%, respectively. What was the fund’s equivalent compound annual return for the six years ended December 31, 2008?

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