2. Which of the following is true of holding period return? 1. Holding Period Return is an annual return commonly used to evaluate investment performance. 2. Primarily useful when the holding period is one year. a. 1 only. b. 2 only. c. Both 1 and 2 . d. Neither 1 nor 2 . 3. Which of the following is true of geometric return? 1. The geometric return is equal to the Internal Rate of Return (IRR). 2. The geometric return will generally be less than or equal to the arithmetic return. a. 1 only. b. 2 only. c. Both 1 and 2 . d. Neither 1 nor 2