This question has 2 parts. Each part is independent. a. A stock has had returns of 8%, 22%, 32%, -17%, and 25% over the last five years. What are the arithmetic and geometric returns for the stock? As a financial analyst which one would you choose and why? (3 marks) b. What are the lessons learned from capital market history? Do you think the lessons from capital market history will hold for each year in the future? That is, as an example, if you buy small stocks will your investment always outperform Treasury bills? (2 marks)