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11. The annual revenue-growth rates for a new tech startup during its first six years of operation were as follows: Year 1 90

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Answer #1

6-year CAGR = geometric mean of the returns over 6 years

= [(1+90%)*(1+30%)*(1+20%)*(1+10%)*(1-30%)*(1-40%)]^(1/6) -1 = 5.38% or 5.4% (option D)

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