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(Related to Checkpoint 72) (Calculating the geometric and arithmetle average rate of return) Marsh Inc. had the following end-of-year stock prices over the last five

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(Related to Checkpoint 72) (Calculating the geometric and arithmetle average rate of return) Marsh Inc. had the following end-of-year stock prices over the last five years and paid no cash dividends a. Calculate the annual rate of return for each year from the above information b. What is the arithmetie average rate ofretum earned by investing in Marsh's stock over this period? c. What is the geometric average rate of retum earned by investing in Marsh's stock over this period? d. 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 returneamed over the period? The arual rate of return the end of your 2 . Round to two decimal places)

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