Use the end-of-year stock price data inthe popup window to answer the following questions for the Barris and Carson companies:

Time	Value of Barris Stock	Annual rate of return	Value of Carson Stock	Annual rate of return
1	$11	?	$19	?
2	$13	?	$29	?
3	$9	?	$35	?
4	$15	?	$23	?

a. Compute the annual rates of return for each time period and for both firms.

b. Calculate both the arithmetic and geometric mean rates of return for the entire three-year period using your annual rates of return from part a.

c. Compute a three-year rate of return spanning the entire period (ie, using the endingprice for period 1 and ending price for period 4)