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10. Given the following quarterly returns on ABC stock: * 5 points Quarter 1 HPR Quarter 2 HPR Quarter 3 HPR Quarter 4 HPR 8%

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10. Given the following quarterly returns on ABC stock: * 5 points Quarter 1 HPR Quarter 2 HPR Quarter 3 HPR Quarter 4 HPR 8% 12% -5% 1% Which of the following statements is CORRECT? a. The geometric average is larger than the arithmetic average and the difference between the two is less than 0.3%. b. The arithmetic average is larger than the geometric average and the difference between the two is more than 0.3%. c. The geometric average is larger than the arithmetic average and the difference between the two is more than 0.3%. d. The arithmetic average is larger than the geometric average and the difference between the two is less than 0.3%. O e. None of the above

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