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Motiwala stock provided annual returns of 4 percent, 22 percent, 13 percent, and 18 percent...

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Question

Accounting

Motiwala stock provided annual returns of 4 percent, 22 percent, 13 percent, and 18 percent during the last four years. What is the geometric average rate of return?

Multiple Choice

14.0%

14.3%

4.3%

3.3%

2.0%

Answer & Explanation Solved by verified expert
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