1. Six years ago you invested $25,000 in a mutual fund. You have earned the following annual returns over the last five years: {+20%, -7%, +12%, -5%, +19%, -14%}. What is the Arithmetic Mean of the six annual returns?

Multiple Choice 2.58% 4.17% 6.87% 3.28%

2. Six years ago you invested $25,000 in a mutual fund. You have earned the following annual returns over the last five years: {+20%, -7%, +12%, -5%, +19%, -14%}. What is the Geometric Mean of the six annual returns?

Multiple Choice

• 2.97%

• 3.30%

• 8.25%

• 5.46%