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The geometric average annual return for a large capitalization stock portfolio is 10% for ten years and 6% per year for the next five years. The geometric average annual return for the entire 15 year period is ________.
Modernization
The process of adopting modern ways of life and ideas, often involving technological advancements, urbanization, and social and economic changes.
Circumnavigation
The act of traveling all the way around an island, continent, or the entire planet, either by ship or aircraft.
Political Union
A type of state which is composed of or created out of smaller states, territories, or countries.
Cultural Identities
These are the shared beliefs, values, customs, and characteristics that define a group of people or a culture.
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