Ten annual returns are listed in the following table:

19.9%

16.8%

18.5%

49.6%

43.1%

1.9%

16.9%

45.9%

44.8%

3.3%

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

nothing.

(Round to four decimal places.)