1. Equity Residential (EQR) reported the following FFO/share for fiscal years 2011 to 2020: Year FFO/ Share 2011 FY $ 2.41 2012 FY $ 3.11 2013 FY 2.35 2014 FY $ 3.15 2015 FY 3.48 2016 FY 2.94 2017 FY 3.15 2018 FY 3.14 2019 FY 3.39 2020 FY $ 3.21 a) Estimate the arithmetic average and geometric average growth rate in FFO/share between 2016 and 2020. Why are they different? Which one is more reliable? b) Estimate the growth rate using a linear growth model. c) Estimate the growth rate using a log-linear growth model. d) Now, repeat (a) through (c) for the 10-year period 2011-2020. How do your answers change