Question: Given the following annual returns, calculate: 1) the arithmetic average 2) the geometric average ? year return (%) 1 12 2 20 3 -8
Given the following annual returns, calculate: 1) the arithmetic average 2) the geometric average ?
year return (%)
| 1 | 12 |
| 2 | 20 |
| 3 | -8 |
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