Question: Calculate the arithmetic average return, given annual returns of: Year 1 9 . 4 0 % Year 2 7 . 2 4 % Year 3

Calculate the arithmetic average return, given annual returns of:
Year 19.40%
Year 27.24%
Year 3-13.72%
Year 44.80%
Year 55.92%
Round the answer to two decimals places in percentage form.

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