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You purchased 400 shares of KNO stock five years ago and have earned annual returns of 8.3 percent, 9.6 percent, 18.25 percen
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Answer #1

Given about KNO's stock,

Average annual return over last 5 years are 8.3%, 9.6%, 18.25%, -7.7% and 1.8%

So, arithmetic average return is mean of 5 returns = (r1+r2+r3+r4+r5)/5

=> Arithmetic average return = (8.3 + 9.6 + 18.25 - 7.7 + 1.8)/5 = 6.05%

Option B is correct.

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