Consider an investment with the returns over 4 years as shown in the table below

a. What is the compound annual growth rate (CAGR) for this investment over the 4 years?

The compound annual growth rate is %. (Round to two decimal places.)

b. What is the average annual return of the investment over the 4 years? (Round to two decimal places.)

c. Which is a better measure of the investment's past performance? If the investment's returns are independent and identically distributed, which is a better measure of the investment's expected return next year. (Round to two decimal places.)

Table

Year	1	2	3	4
Return	17%	18%	-4%	16%