Save Homework: Chapter 788 Homework Score: 0 of 2 pts 3 of 6 (0 complete) HW Score: 0%, 0 of 12 pts P7-8 (similar to) Question Help (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 $11 14 19 11 a. Calculate the annual rate of return for each year from the above information b. What is the arithmetic average rate of return earned by investing in Marsh's stock over this period? c. What is the geometric average rate of return earned by investing in Marsh's stock over this period? d. Considering the besinning and andina stock prices for the fivevaar seriod are the same which te of average rate of return the arithmetic or geometric batter a. The annual rate of return at the end of year 2 is % (Round to two decimal places.) 3 of 6 (0 complete) Score: 0 of 2 pts P7-8 (similar to) HW Score: 0%, 0 of 12 pts Question Help Time 1 2 3 4 Marsh $11 14 19 8 11 a. Calculate the annual rate of return for each year from the above information b. What is the arithmetic average rate of return earned by investing in Marsh's stock over this period? c. What is the geometric average rate of return 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 return earned over the period? a. The annual rate of retum at the end of year 21 % (Round to two decimal places.)