A company's stock price rose 2.7% in 2011, and in 2012, it increased 78.1%. Solve A,B,C.

a.	Compute the geometric mean rate of return for the two-year period 20112012. (Hint: Denote an increase of 78.1% by 0.781.)
b.	If someone purchased $1,000 of the company's stock at the start of 2011, what was its value at the end of 2012?
c.	Over the same period, another company had a geometric mean rate of return of 10.6%. If someone purchased $1,000 of the other company's stock, how would its value compare to the value found in part (b)?

A company's stock price rose 2.7% in 2011, and in 2012, it increased 78.1%. a. Compute the geometric mean rate of return for the two-year period 2011 - 2012. (Hint: Denote an increase of 78.1% by 0.781.) b. If someone purchased $1,000 of the company's stock at the start of 2011, what was its value at the end of 2012? c. Over the same period, another company had a geometric mean rate of return of 10.6%. If someone purchased $1,000 of the other company's stock, how would its value compare to the value found in part (b)? %. a. The geometric mean rate of return for the two-year period 2011 - 2012 was (Type an integer or decimal rounded to two decimal places as needed.)