(Related to Checkpoint 7.2) (Calculating the geometric and arithmetic average rate of return) Marsh inc. had the following end-of-year stock prices over the last five years and paid no cash dividends: (Crick on the icon i in ordor fo copy ifs contents into a spreadsheet.) a. Calculate the annual rate of return for each year from the above information. b. What is the arithmetic average rate of return earned by investing in Marsh's stock over this period? c. What is the geometric average rate of return earned by investing in Marsh's stock over this period? d. Considering the beginning and ending stock prices for the five-year period are the same, which type of average rate of return (the arithmetic or geometric) better describes the average annual rate of return earned over the period? a. The annual rate of return at the end of year 2 is \%. (Round to two decimal places.) The annual rate of return at the end of year 3 is \%. (Round to two decimal places.) The annual rate of return at the end of year 4 is \%. (Round to two decimal places.) (Related to Checkpoint 7.2) (Calculating the geometric and arithmetic average rate of return) Mash Inc. hud the following end-of-year stock prices over the last five yoars and paid no cash dividends: a. The annual rate of retum at the end of year 2 is 16. (Round to two decimal places.) The annual rate of return at the end of year 3 is \%. (Round to wo decimal places.) The annual rate of retuin at the end of year 4 is i6. (Round to two decirnal places.) The annuai rate of return at the end of year 5 is 26. (Round to two decimal places.) b. The arithmetic average rate of return earned by investing in Marsh's stock over this period is 3. (Round to fwo decimal places.) c. The geometric average rate of return earned by investing in Marsh's stock over this period is 4. (Round to two decirnal places.) d. Considering the beginning and ending stock prices for the five-yenr period are the same. the average rate of return better describes the average annual rate of return earned over the period. (Select from the drop-down menu )