An investor has earned 2%, 12% and -10% on equity investments in successive years (annually compounded). This

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An investor has earned 2%, 12% and -10% on equity investments in successive years (annually compounded). This is equivalent to earning which of the following annually compounded rates for the three year period.

A. 1.33%
B. 1.23%
C. 1.13%
D. 0.93%

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Jan 15, 2021 05:16 PM

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An investor has earned 2%, 12% and -10% on equity investments in successive years (annually compounded). This

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Intermediate Accounting

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