Question: 23. What are the annual return and average quarterly return on an investment if its quarterly returns are 3%, 5%, 4%, and 7%, respectively? A.

23. What are the annual return and average quarterly return on an investment if its quarterly returns are 3%, 5%, 4%, and 7%, respectively? A. 19.00%; 4.72% B. 21.92%; 4.73% C. 20.33%; 4.74% D. 24.54%; 4.75%

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