Question: The arithmetic average return on your portfolio for the past five years was 8.4 percent. Assume you earned -6 percent, 25 percent, 10 percent, and

The arithmetic average return on your portfolio for the past five years was 8.4 percent. Assume you earned -6 percent, 25 percent, 10 percent, and 6 percent for four of those five years. What rate of return did you earn in the fifth year?

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