You have funds invested in a mutual fund of S&P 500 stocks. Over the last 5 years, the annual percent returns of the S&P 500 are 19.58%, −6.30%, 28.94%, 16.32%, and 14.55%.
What is the average annual percent return on the S&P 500 stocks over the last 5 years?
Note: Round your answer to 2 decimal places.