The table below gives the annual total returns on the MSCI Germany Index from 1993 to 2002. The returns are in the local currency. Use the information in this table to answer Questions 5-10.
MSCI Germany Index Total Returns, 1993-2002
Year........................................Return (%)
1993........................................46.21
1994........................................−6.18
1995........................................8.04
1996........................................22.87
1997........................................45.90
1998........................................20.32
1999........................................41.20
2000........................................−9.53
2001........................................−17.75
2002........................................−43.06
To describe the compound rate of growth of the MSCI Germany Index, calculate the geometric mean return.