$($Click on the icon in order to copy its contents into a spreadsheet.$)$

a$.$ Calculate the annual rate of return for each year from the above information.

b$.$ What is the arithmetic average rate of return earned by investing in Marsh's stock over this period?

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

d$.$ Considering the beginning and ending stock prices for the five$-$year period are the same, which type of average rate of return $($the arithmetic or geometric$)$ better describes the average annual rate

of return earned over the period?

a$.$ The annual rate of return at the end of year $2$ is $30\%.($Round to two decimal places.$)$

The annual rate of return at the end of year $3$ is

$\%.($Round to two decimal places.$)$

The annual rate of return at the end of year $4$ is

$\%.($Round to two decimal places.$)$

The annual rate of return at the end of year $5$ is $42\mathrm{.}86\%.($Round to two decimal places.$)$

b$.$ The arithmetic average rate of return earned by investing in Marsh's stock over this period is $9\mathrm{.}92\%.($Round to two decimal places.$)$

c$.$ The geometric average rate of return earned by investing in Marsh's stock over this period is$\%.($Round to two decimal places.$)$