3. You have observed the following returns on ABC's stocks over the last six years: 21.92%, 27.11%, -8.68%, -12.36%, 11.45%, 24.26% What is the geometric average returns on the stock over this six-year period.

4. You own a portfolio with two securities, A and B. The dollar investment in each asset in each security and the return in each security are given below. What is the portfolio return? Security Dollar Investment Return A $32,081 20.38% B $94,904 9.89%

Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.