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A company experienced the following stock returns in the last five years: 6%, 8%, -3%, 5% and 9%. What is the arithmetic and geometric means
A company experienced the following stock returns in the last five years: 6%, 8%, -3%, 5% and 9%. What is the arithmetic and geometric means of the past five returns? What should the be return in year -5 (6%) for the geometric mean to be equal to the arithmetic mean?
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