a.The annual rate of return at the end of year 2 is ______%. (Round to two decimalplaces.)

The annual rate of return at the end of year 3 is ________%. (Round to two decimalplaces.)

The annual rate of return at the end of year 4 is ________%. (Round to two decimalplaces.)

The annual rate of return at the end of year 5 is _____%. (Round to two decimalplaces.)

b.The arithmetic average rate of return earned by investing in Brangus CattleCompany's stock over this period is _______%. (Round to two decimalplaces.)

c.The geometric average rate of return earned by investing in Brangus CattleCompany's stock over this period is ________g%. (Round to two decimalplaces.)

d.Which type of average rate of return best describes the average annual rate of return earned over the period(the arithmetic orgeometric)? Why?(Select the best choicebelow.)A. Geometric average return best describes the average annual rate of return over a period because it is a simpleaverage, so it answers the question concerning the expected rate of return over amulti-year period. B. Arithmetic average return best describes the average annual rate of return over a period because it is a simpleaverage, so it answers the question concerning the expected rate of return over amulti-year period. C. Arithmetic average return best describes the average annual rate of return over a period because it takes compounding intoaccount, so it answers the question concerning the expected rate of return over amulti-year period. D. Geometric average return best describes the average annual rate of return over a period because it takes compounding intoaccount, so it answers the question concerning the expected rate of return over amulti-year period.

The common stock of the Brangus Cattle Company had the followingend-of-year stock prices over the last five years and paid no cashdividends:

Time	Brangus Cattle Company
1	$15
2	$9
3	$14
4	$21
5	$25