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Calculate the geometric mean rate of return _1r_4 for the following inter-period interest rates: _1r_2 = 0.01, _2r_3 = 0.05, _3r_4 = 0.03. Without doing
Calculate the geometric mean rate of return _1r_4 for the following inter-period interest rates: _1r_2 = 0.01, _2r_3 = 0.05, _3r_4 = 0.03. Without doing any additional calculations, is _1r_5 above or below _1r_4 when _4r_5 = 0.04?Explain
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