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An investment of $100 is worth $240 7 years later. The arithmetic average return is...

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Finance

An investment of $100 is worth $240 7 years later.

The arithmetic average return is 20%.

What is the geometric average return?

See slide 43 L3 discussed in class.

Express your answer as a percent to one decimal (XX.X) %

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Incorrect Question 4 0 / 0.38 pts An investment of $100 is worth $240 7 years later. The arithmetic average return is 20%. What is the geometric average return? See slide 43 L3 discussed in class. Express your answer as a percent to one decimal (XX.X) % 13.32

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