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A stock had returns of 26.80 (1 year ago). 17.30% (2 years ago), X(3 years ago), and -16.20% (4 years ago) in each of the

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A stock had returns of 26.80 (1 year ago). 17.30% (2 years ago), X(3 years ago), and -16.20% (4 years ago) in each of the past 4 years Iover the past 4 years, the geometric average annual return for the stock was 9.23. What was the arithmetic average annual return for the stock over the past 4 years? a. 9.284 (plus or minus 0.03 percentage points) b. 10.539 (plus or minus 0.03 percentage points) c. 6.98% (plus or minus 0.03 percentage points) d. 8.02 (plus or minus 0.03 percentage points) e. None of the other alternatives is within 0.03 percentage points of the correct

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