Ten annual returns are listed in the following table:

19.9%

16.6

18.0

50.0%

43.3%

1.2

16.5%

45.6%

45.2%

3.0%

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.)