Ten annual returns are listed in the following table:

19.7%

16.6%

18.4%

49.4%

43.5%

1.5%

16.3%

46.2%

44.9%

3.7%

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

b. What is the geometric average return over the 10-year period?

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

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

The arithmetic average return over the 10-year period is ?. (Round to four decimal places.)