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Over the last six years the shares of company XYZ's stock had returns of 17 percent, 18 percent, 11 percent, 17 percent, 11 percent, and
| Over the last six years the shares of company XYZ's stock had returns of 17 percent, 18 percent, 11 percent, 17 percent, 11 percent, and 2 percent. |
| Required: | |
| (a) | Calculate the arithmetic average return. |
| (Click to select) 12.67% 12.77% 15.20% 13.30% 12.87% | |
| (b) | Calculate the geometric average return. |
| (Click to select) 15.21% 12.33% 12.63% 12.91% 12.53% |
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