A stock had returns of 16 percent, 15 percent, 12 percent, 8 percent, 12 percent, and 5 percent over the last six years.

Required:
(a)	What is the arithmetic return for the stock?
	(Click to select)11.43%11.33%13.60%11.90%11.53%

(b)	What is the geometric return for the stock?
	(Click to select)11.27%11.57%11.37%11.07%13.67%