Question: Calculate the arithmetic average return, given annual returns of: Year 1 5.41% Year 2 7.64% Year 3 -14.23% Year 4 6.96% Year

Calculate the arithmetic average return, given annual returns of:

Year 1  5.41%

Year 2   7.64%

Year 3   -14.23%

Year 4   6.96%

Year 5    9.31%

Round the answer to two decimals places in percentage form. Please write % sign in the "units" box.

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