How much does the arithmetic and geometric average rates of return differ, assuming that the rate of return is a constant $6\%$ annually?

The arithmetic return is $6\mathrm{.}00\%$ while the geometric return is $5\mathrm{.}54\%.$

The arithmetic return is $5\mathrm{.}54\%$ while the geometric return is $6\mathrm{.}00\%.$

The constant rate has a standard deviation of $0,$ therefore the arithmetic and the geometric returns will be the same.

The arithmetic and the geometric returns will be the same since the standard deviation of the returns equals $1.$