Compute the geometric return for the following return series and contrast with an arithmetic return:

Year $112\mathrm{.}00\%$

Year $29\mathrm{.}00\%$

Year $3-5\mathrm{.}00\%$

Year $48\mathrm{.}00\%$

geometric return $=5\mathrm{.}79\%$ and the arithmetic return is lower

geometric return $=1\mathrm{.}058\%$ and the arithmetic return is lower

geometric return $=5\mathrm{.}79\%$ and the arithmetic return is higher

geometric return $=1\mathrm{.}058\%$ and the arithmetic return is higher