Problem:
What are the arithmetic and geometric average returns for a stock with annual returns of 18 percent, 9 percent, -5 percent, and 14 percent? List the arithmetic answer first.
- 9.00 percent; 11.39 percent
- 11.39 percent; 8.64 percent
- 9.00 percent; 8.64 percent
- 8.64 percent; 9.00 percent
- 11.39 percent; 9.00 percent
Note: Please show how you came up with the solution.