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12. What are the arithmetic and geometric average returns for a stock with annual returns of 4 percent, 12 percent, -8 percent and 9 percent?

12. What are the arithmetic and geometric average returns for a stock with annual returns of 4 percent, 12 percent, -8 percent and 9 percent? A. 8.25%; 6.25% B. 4.25%; 4.89% C. 4.25%; 3.96% D. 8.25%; 7.89% E. 8.25%; 8.21%

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