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Question
Big Town Markets common stock returned 13.8, 14.2, 9.7, 5.3, and 12.2 percent, respectively, over the past five years. What is the arithmetic average return?A. 10.99 percent
B. 11.04 percent
C. 11.56 percent
D. 12.20 percent
E. 13.80 percent
Answer
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