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The following are annual rates of return on AT&T Inc. over five years. Year Return (%) 2014 (-4.23) 2015 (-1.2) 2016 (9.54) 2017 (16.92) 2018
The following are annual rates of return on AT&T Inc. over five years.
Year Return (%)
2014 (-4.23)
2015 (-1.2)
2016 (9.54)
2017 (16.92)
2018 (-11.17)
a. What is the arithmetic average return for AT&T Inc.? 1.97
b. What is the geometric average return for AT&T Inc.? 1.48
Enter your answers as a percent rounded to two decimal places. Do not put the % sign.
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