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You earn 15% in year 1, 25% in year 2 and 20% in year 3, what's your arithmetic average and geometric average return respectively? a)
You earn 15% in year 1, 25% in year 2 and 20% in year 3, what's your arithmetic average and geometric average return respectively?
a) 20% and 19.93%
b) 20% and 18.75%
c) 25% and 21.45%
d) 25% and 24.45%
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