An investor is evaluating the historical performance of an investment fund. The following annual returns are provided to the investor:

	Fund Value
Year 0	$140
Year 1	154
Year 2	172
Year 3	159
Year 4	154
Year 5	149

Required:

a. Calculate the investment returns for each year.

	Return		Return Relative
Year 1		%
Year 2		%
Year 3		%
Year 4		%
Year 5		%

b. Compute the arithmetic mean return.

c. Calculate the geometric mean return.