Ten annual returns are listed in the following table:

19.6%

16.3%

18.3%

49.6%

43.2%

1.7%

16.9%

46.2%

44.7%

3.8%

a. What is the arithmetic average return over the 10-year period?

b. What is the geometric average return over the 10-year period? (round to four decimal places)

c. If you invested $100 at the beginning, how much would you have at the end?