A stock had returns of 13 percent, 13 percent, 11 percent, -1 percent, 17 percent, and 20 percent over the last six years.

Required:
(a)	What is the arithmetic return for the stock?
	(Click to select) 12.78% 12.27% 12.37% 14.60% 12.17%

(b)	What is the geometric return for the stock?
	(Click to select) 12.41% 12.06% 11.96% 14.52% 11.76%