Given the following returns over the last five years, what is the arithmetic mean return (AMR) per year? (Round the answer to the nearest hundredth of a percent.) 34%, 27%, 3%, 9%, 37%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
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Given the following returns over the last five years, what is the
arithmetic mean return (AMR) per year? (Round the answer to the
nearest hundredth of a percent.)
34%, 27%, 3%, 9%, 37%
Transcribed Image Text:Given the following returns over the last five years, what is the arithmetic mean return (AMR) per year? (Round the answer to the nearest hundredth of a percent.) 34%, 27%, 3%, 9%, 37%
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