A firm’s stock earned annual returns of 7%, –22%, 12.5%, 28….
A firm’s stock earned annual returns of 7%, –22%, 12.5%, 28.2% in Years 1 through 4, respectively. What was the stock’s compound annual rate of growth during the 4-year holding period? (Round your answer to the nearest one-hundredth of a percent. Do not enter the percentage symbol. For example, if your answer is 12.3456789%, enter 12.35. Do not worry if Canvas truncates trailing zeros.)