Question: (i) You are given the expected returns for XYZ Ltd in the table below: Year Expected returns 2020 15% 2021 -2% 2022 10% 2023 12%

(i) You are given the expected returns for XYZ Ltd in the table below:

Year Expected returns
2020 15%
2021 -2%
2022 10%
2023 12%
2024 16%
2025 18%

(a) Estimate the arithmetic and geometric means.

(b) Explain the difference between the two means

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