Question: 1. Using the following returns, calculate the arithmetic average return, the variance, and the standard deviation. Interpret your results in the context of a normal

1. Using the following returns, calculate the arithmetic average return, the variance, and the standard deviation. Interpret your results in the context of a normal distribution.

Year Return
1 -14%
2 21%
3 17%
4 9%
5 23%

Using the table, calculate the geometric average return.

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