A stock had returns of 11 percent, 17 percent, 16 percent, 14 percent, 19 percent, and -1 percent over the last six years.

Required:

(a) What is the arithmetic return for the stock?

(Click to select)

12.67%

12.87%

12.77%

15.20%

13.30%

(b) What is the geometric return for the stock?

12.46%

15.14%

12.56%

12.26%

12.91%