Rates of Return An investor earned a geometric average return over 4 years of 13.20%....
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Rates of Return An investor earned a geometric average return over 4 years of 13.20%. The first year's return was 13.70%, the second year's return was -3.60%, the third year's return was 24.10%. What was the fourth year's return?
18.60%
13.20%
20.72%
21.53%
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