You have invested in a stock portfolio that has earned rates of returns of 12.2%,...
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Finance
You have invested in a stock portfolio that has earned rates of returns of 12.2%, 0.1%,13.5%,4.1%,11% in the past five nnsecutive years. What is the difference between your true annualized holding rate of return and your average rate of return? (Express the average rate - annualized rate in terms of basis points.)
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