# An index of Canadian common shares generated the following rates of return over the past 4 years:

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## Question:

An index of Canadian common shares generated the following rates of return over the past 4 years: 7.31%, 8.26%, 3.19%, 2.34%. Calculate the arithmetic mean. Explain the term arithmetic mean. When is this calculation useful? Calculate the geometric mean. Explain the term geometric mean. When is this calculation useful?

**Related Book For**

## College Accounting A Practical Approach

ISBN: 9780134729312

14th edition

Authors: Jeffrey Slater, Mike Deschamps