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You own a stock which has produced annual returns of 11 percent, 3 percent, 8 percent, and 14 percent over the past four years, respectively.
You own a stock which has produced annual returns of 11 percent, 3 percent, 8 percent, and 14 percent over the past four years, respectively. The arithmetic rate of return is _____ percent and the geometric rate of return is ____ percent.
A) 8.50; 8.92
B) 8.50; 18.92
C) 9.00; 8.92
D) 9.00; 9.92
E) 9.00; 18.92
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