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You observe the following IBM annual returns over the last 3 years: 10%,5%,2%. What is the best description of this formula? [(1+.10)(1.05)(1+.02)](x1)1 This is the

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You observe the following IBM annual returns over the last 3 years: 10%,5%,2%. What is the best description of this formula? [(1+.10)(1.05)(1+.02)](x1)1 This is the geometric return This is the arithmetic return This is the cumulative return over 3 years This is the adritive return over 3 ycars

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