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For the common stock information for a company given below, and assuming no dividend: a. Calculate the annual rate of return for each year b.

For the common stock information for a company given below, and assuming no dividend:
a. Calculate the annual rate of return for each year
b. What is the arithmetic average rate of return earned by investing in the company's stock over this period.
c. What is the geometric average rate of return earned by investing in the 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 (arithmetic or geometric) and why?
Time Company Stock Prices (Assume No Dividend)
1 $ 100
2 $ 120
3 $ 95
4 $ 99
5 $ 110

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