Suppose we have the following data on annual excess returns.

Year Asset Market

$1,7\mathrm{.}00\%,10\mathrm{.}00\%$

$2,20\mathrm{.}00\%,20\mathrm{.}00\%$

$3,25\mathrm{.}00\%,15\mathrm{.}00\%$

$4,10\mathrm{.}00\%-2\mathrm{.}00\%$

$5,0\mathrm{.}00\%,-5\mathrm{.}00\%$

$6,-50\mathrm{.}00\%-30\mathrm{.}00\%$

beta $1\mathrm{.}50$

What is the asset's arithmetic mean excess return?

$0\mathrm{.}05$

$0\mathrm{.}02$

$0\mathrm{.}03$

$0\mathrm{.}04$

What is the asset's geometric mean excess return?

$-0\mathrm{.}02$

$0\mathrm{.}02$

$0\mathrm{.}03$

$0\mathrm{.}04$

Suppose we have the following data on annual excess returns.

Year Asset Market

$1,7\mathrm{.}00\%,10\mathrm{.}00\%$

$2,20\mathrm{.}00\%,20\mathrm{.}00\%$

$3,25\mathrm{.}00\%,15\mathrm{.}00\%$

$4,10\mathrm{.}00\%-2\mathrm{.}00\%$

$5,0\mathrm{.}00\%,-5\mathrm{.}00\%$

$6,-50\mathrm{.}00\%-30\mathrm{.}00\%$

beta $1\mathrm{.}50$

What is the asset's arithmetic mean excess return?

$0\mathrm{.}05$

$0\mathrm{.}02$

$0\mathrm{.}03$

$0\mathrm{.}04$