9a

(Calculating the geometric and arithmetic average rate of return) The common stock of the Brangus Catte Company had the following end-of-year stock prices over the last five years and paid no cash dividends: (Cick on the icon ph in order fo copy its contents into a spreadsheot.) a. Calculate the annual rate of retum for each yoar from the above information. b. What is the arithmetic average rate of retum earned by investing in Brangus Catte Company's stock over this period? c. What is the geometric average rate of return eamed by Inveating in Brangus Cattle Company's stock over this period? d. Which type of average rate of retum best describes the average annual rate of retum eamed over the period (the arithmotic or goometric)? Why? a. The annuat fale of roturn at the end of year 2 is (Round to two decimal places.)