This question is worth 8 marks. Please show any formulas that you are using and calculations. You have the ability to invest in either a stock called IC or you can Invest in the S&P500 Index. The following are the 4 year return of each: S&P 500 Ce. Year IC 40% 15% 12% 0% -12% 7% 6% 6% a) What are the average returns on IC and on the S&P 500 index? (2 marks) b) What is the geometric returns on IC and S&P 500 index (2 marks) c) If you had invested $10,000 in IC at the start of Year 1, how much would you have had after 4 years. How does this compare to an investment in the S&P 500? (2 marks) d) From a visual and numerical perspective which investment would be better and explain why (2 marks)