The common stock of the Brangus Cattle Company had the following? end-of-year stock prices over the last five years and paid no cash?dividends:

Time Brangus Cattle Company

1 $15

2 $8

3 $14

4 $23

5 $29

a. Calculate the annual rate of return for each year from the above information. b. What is the arithmetic average rate of return earned by investing in Brangus Cattle? Company's stock over this? period? c. What is the geometric average rate of return earned by investing in Brangus Cattle? Company's stock over this? period? d. Which type of average rate of return best describes the average annual rate of return earned over the period? (the arithmetic or? geometric)? ? Why? a. The annual rate of return at the end of year 2 is nothing?%. ?(Round to two decimal? places.)