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QUESTION

You find a certain stock that had returns of 13.6 percent, -21.8 percent, 27.8 percent, and 18.8 percent for four of the last five years.

You find a certain stock that had returns of 13.6 percent, -21.8 percent, 27.8 percent, and 18.8 percent for four of the last five years. Assume the average return of the stock over this period was 11.6 percent.

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