Big Town Markets common stock returned 14.3, 12.5, 9.9, 6.5, and 11.1 percent, respectively, over the past five years. What is the arithmetic average return?
A) 10.86%
B) 11.04%
C) 11.66%
D) 12.20%
E) 13.80%
Correct Answer:
Verified
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