annual return 3 Return average 5 points What is the geometric average return? Given the annual return series year 1: 50% year 2: -50% year 3: + 30% the geometric return Ris calculate as (1+r)^n (1+R1)*(1+R2). (1+RN) -0.84% O 1.23% O 0,84% -1.23% monthly return Given the monthly return series 5 points What is the monthly arithmetic mean? 0.53% 1.25% OOOO 0.65% 0.50% monthly 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 UN Return 0.0229 -0.0379 -0.0518 -0.0625 0.0558 0.0388 -0.0509 -0.1047 -0.001 0.072 0.0342 0.0137 0.002 0.0613 0.0228 0.0349 -0.0584 0.1254 0.0354 -0.0028 0.0169 0.0029 0.0117 -0.024