Consider an investment that earned to following annual returns: 4.6%, -8.1%, 18.0%, -2.4% over 4 years. Answer questions 9-11 based on this information.

1. What was the arithmetic average return? Answer in percent rounded to one decimal place.

2. What was the compound average return? Answer in percent rounded to one decimal place.

Suppose you bought a stock for $16 per share and you sold it for $26 after four years. The stock did not pay any dividends. What was your compound average annual return from this investment? Answer in percent, rounded to one decimal place.