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Over the last six years the shares of company XYZ's stock had returns of 16 percent, 15 percent, 17 percent, 14 percent, 14 percent,
Over the last six years the shares of company XYZ's stock had returns of 16 percent, 15 percent, 17 percent, 14 percent, 14 percent, and 5 percent. Required: (a)Calculate the arithmetic average return. 13.50% (b)Calculate the geometric average return. (Click to select)
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