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Here is an asset: The return in year 1 is negative 12%. The return in year 2 is 24%. The return in year 3 is

Here is an asset:

The return in year 1 is negative 12%.

The return in year 2 is 24%.

The return in year 3 is 15%.

What is the arithmetic average return?

What is the geometric average return?

Can the geometric average return be the same as the arithmetic average return?

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