Over the last six years the shares of company XYZ's stock had returns of 11 percent, 18 percent, 19 percent, 17 percent, 16 percent, and 14 percent.

Required:
(a)	Calculate the arithmetic average return.
	(Click to select) 16.62% 19.00% 15.83% 15.93% 16.03%

(b)	Calculate the geometric average return.
	(Click to select) 15.60% 19.25% 16.07% 15.80% 15.90%

rev: 09_20_2012