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Which of the following statements is true about the geometric and arithmetic average rates of return? The geometric average rate of return is usually higher
Which of the following statements is true about the geometric and arithmetic average rates of return? The geometric average rate of return is usually higher than the arithmetic average rate of return. The arithmetic average rate of return is usually higher than the geometric average rate of return. The geometric and arithmetic average rates of return are usually the same. Neither the geometric nor the arithmetic average rate of return are used in finance.
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