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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 ceometric$)$ better describes the averaae annual rate of return earned over the beriod?

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.$)$

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