Question Help 2 P7-8 (similar to) (Related to Checkpoint 7.2) (Calculating the geometric and arithmetic average rate of return) Marsh Inc had the following end-of-year stock prices over the last five years and paid no cash dividends Time Marsh 1 $12 14 19 4 5 12 a. Calculate the annual rate of return for each year from the above information b. What is the arthmetic average rate of returneamed by investing in Marsh's stock over this period? e. What is the geometric average rate of retum eamed by investing in Marsh's stock over this period? 4. Considering the beginning and ending stock prices for the five-year period are the same which type of average rate of return the arithmetic or geometric) better describes the average annual rate of return earned over the period? a. The annual rate of return at the end of year 2 is (Round to two decimal places) Enter your answer in the answer box and then click Check Answer, 6 Parts remaining Clear All Check Answer IMPALA AIRBAG AA Show all Type here to search HI * 722 PM 10/1/20020 18