Ten annual returns are listed in the following table: (Click on the following icon in order to copy its contents into a spreadsheet.) - 19.8% 16.8% 18.3% - 49.9% 43.8% 1.5% - 16.7% 45.6% 45.3% -3.2% 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? Dividend Using the data in the table to the right, calculate the return for investing in the stock from January 1 to December 31. Prices are after the dividend has been paid. (Click on the following icon in order to copy its contents into a spreadsheet.) Date Jan 1 Feb 5 May 14 Aug 13 Nov 12 Dec 31 Price $33.61 $29.34 $29.88 $33.09 $37.84 $41.63 $0.19 $0.17 $0.21 $0.18 Return for the entire period is %. (Round to two decimal places.) Consider two local banks. Bank A has 93 loans outstanding, each for $1.0 million, that it expects will be repaid today. Each loan has a 6% probability of default, in which case the bank is not repaid anything. The chance of default is independent across all the loans. Bank B has only one loan of $93 million outstanding, which it also expects will be repaid today. It also has a 6% probability of not being repaid. Calculate the following: a. The expected overall payoff of each bank. b. The standard deviation of the overall payoff of each bank