(Calculating the geometric and arithmetic average rate of return)The common stock of the Brangus Cattle Company had the following end-of-year stock prices over the last five years and paid no cash dividends:

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

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

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