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Four years ago, you allocated $10,000 to a new account which you opened to actively trade stocks. The following table shows the annual account balances

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Four years ago, you allocated $10,000 to a new account which you opened to actively trade stocks. The following table shows the annual account balances at end of each year. There were no coupons or dividends paid. Year 1: $11,250 Year 2: $10,800 Year 3: $9,850 Year 4: $9,700 Your holding period return over the period was and your geometric average annual return was 3.00%;0.45%0.76%;0.76%+3.00%;0.76%3.00%;0.55%3.00%;0.76%0.75%;0.55%

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