Question 22: You had the option to invest in one of two companies over the past three years. Their returns of the two companies over the past three years were: Company A { -20%, +40%, +10%) Company B: {11%, 9%, 10%} What was the arithmetic return of Company A over the period? (a) 10.00% (b) 9.32% 8.57% (d) 11.33% Question 23: What was the arithmetic return of Company B over the period? (2) 10.00% (b) 9.32% (C) 8.57% (d 11.33% Question 24: What was the geometric return of Company A over the period? (a) 8.57% (b) 9.63% (C) 10.00% d) 7.20%