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(2A) You have been following a stock for 4 months and the following is its past return Year 1. 5% Year 2: 14% Year 3

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(2A) You have been following a stock for 4 months and the following is its past return Year 1. 5% Year 2: 14% Year 3 12% Year 4 -1% What is the expected return based on historical data? (Put answer in decimal points instead of percentage) (2B) The returns of a mutual fund manager for the past 3 years are the following Year 1.7% Year 2: 11% Year 32% What is the geometric average return of the fund for the past three years? Put return in decimal points instead of percentage

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