The average return for Portfolio A over the past twelve months is 3%, with a standard deviation

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The average return for Portfolio A over the past twelve months is 3%, with a standard deviation of 4%. The average return for Portfolio B over this same period is also 3%, but with a standard deviation of 6%. The geometric mean return of Portfolio A is 2.85%. The geometric mean return of Portfolio B is:

A. less than 2.85%.

B. equal to 2.85%.

C. greater than 2.85%.

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