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Ten annual returns are listed in the following table:(Click on the following icon in order to copy its contents into a spreadsheet.) 19.5% 16.8% 18.4%

Ten annual returns are listed in the following table:(Click on the following icon

in order to copy its contents into a spreadsheet.)

19.5%

16.8%

18.4%

49.7%

43.7%

1.6%

16.9%

46.2%

44.9%

3.6%

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?

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