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(Calculating the geometric and arithmetic average rate of retam) The common stock of the Brangus Catde Company had the following end-of-year stock prices over the

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(Calculating the geometric and arithmetic average rate of retam) The common stock of the Brangus Catde Company had the following end-of-year stock prices over the last five. years and paid no cash dividends (Cick on theicon ay in oroe ro copy re copment wno s tprendtheoh) a. Calculme the annual rate of retum for each year from the above information b. What is the arithmetic averege rate of return eamed by imesting in Brangus Cattle Company's stock over this period? c. What is the geometric averago rate of rotum eamed by investing in Brangus Cattle Company's stock over this period? d. Which type of averdge rate of retum best describes the ayetage annual rate of return eamed over the period (fhe arithmetic or geometric)? Why? a. The annuat gate of retum at the end of year 2 is (Round to two decimal places) The annual rate of return at the end of year 3 is is (Round to two decimal places)

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