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Please show the calculation steps. Thanks in advance. Consider the following yearly returns (in %): Year Return 2014 -21.56% 2015 44.63% 2016 23.35% 2017 20.98%
Please show the calculation steps. Thanks in advance.
Consider the following yearly returns (in %): Year Return 2014 -21.56% 2015 44.63% 2016 23.35% 2017 20.98% 2018 3.11% 2019 34.46% 2020 17.62% a. Calculate the average arithmetic return in % (Round to closest 2 decimal places). % b. Calculate the average geometric return in % (Round to closest 2 decimal places). %Step by Step Solution
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