The file Indices contains the total rate of return percentage for the Dow Jones Industrial Average (DJIA), the Standard & Poor’s 500 (S&P 500), and the technology-heavy NASDAQ Composite (NASDAQ) from 2013 through 2016. These data are:

a. Compute the geometric mean rate of return per year for the DJIA, S&P 500, and NASDAQ from 2013 through 2016.

b. What conclusions can you reach concerning the geometric mean rates of return per year of the three market indices?

c. Compare the results of (b) to those of Problem 3.22 (b).

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Year 2013 DJIA DJIA 26.5 S&P 500 29.6 NASDAQ 38.3 13.4 2014 2015 7.5 -2.2 11.4 -0.7 9.5 5.7 7.5 2016 13.4