A conglomerate corporation develops, manufactures, and markets a wide range of products, including medical diagnostic imaging devices, jet engines, lighting products, and chemicals. In 2013, the stock price rose 33.35%, and in 2014, the stock price declined 9.8%. If one purchased $1,000 of some social media stock at the start of 2013, its value would be $ 2,924.39 at the end of 2014. Complete parts (a) through (c) below.

a. Compute the geometric mean rate of return per year of the two-year period 20132014. (Hint: Denote an increase of 34.35% as R1=0.3435). The geometric mean rate of return is _____% (Round to two decimal places as needed.)

Part 2 b. If you purchased $1,000 of this conglomerate corporation's stock at the start of 2013, what was its value at the end of 2014? The value of this stock at the end of 2014 was $______ (Round to the nearest cent as needed.)

Part 3 c. Compare the result of (b) to the value of the $1,000 of the social media stock. Choose the correct answer below and fill in the answer box to complete your choice. (Round to the nearest cent as needed.)

A. The value of the $1,000 invested in the conglomerate corporation's stock in 2014 was less than that of the value of the $1,000 invested in the social media stock. The social media stock would earn $_______ _ more than the conglomerate corporation's stock.

Or B. The value of the $1,000 invested in the conglomerate corporation's stock in 2014 was greater than that of the value of the $1,000 invested in the social media stock. The conglomerate corporation's stock would earn $_______ _more than the social media's stock.