An imvestor purchased shares in a growth mutual fund 3 years ago. The returns uere

22%-10%

,

14%

, respectively. The geometric average retura over the thiree jears is closest tos\ (a)

7.77%

\ (b)

8,67%

.\ (c)

13%6

\ (d)

15.23%

4. An imvestor purclased shares in a growth mutual fund 3 years ago, The returnis were 22\%, 10 as, 14 , recnertively, The geometric avernge return over the three jears is dosest to: (a) 7.77% (b) 8,67%. (c) 13% (d) 15.23%