(Calculating the geometric and arithmetic average rate of return) The common stock of the Brangus Catte Company had the following end-of-year stock prices over the last five years and peed no

a. What is the arithmetic average rate of return camed by investing in Brangus Cattle Company's stock over this period?

b. What is the geometric average rate of return earned by investing in Brangus Catte Company's stock over this period?

c. Which type of average rate of return best describes the average annual rate of return eamed over the period (the arithmetic or geometric)? Why?

\begin{tabular}{lc} Time & Brangus cattle Comapny \\ \hline 1 & $15 \\ 2 & 8 \\ 3 & 10 \\ 4 & 21 \\ 5 & 29 \\ \hline (Click on the icon in order to copy its contents into a spreadsheet.) \end{tabular}