Consider the following period-by-period total returns Year Year Year What

Question

Consider the following period-by-period total returns:
Year 1: 5.00%
Year 2: 15.00%
Year 3: 25.00%
What is the geometric average total return per year for the Years 1-3 period?
(a) 5.00%
(b) 14.71%
(c) 15.00%
(d) 15.23%
(e) 45.00%

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