Question: Williams portfolio earned returns equal to 15%, 9%, -7%, and 14% over the past four years. Given this information, during this 4-year period, Williams portfolio

Williams portfolio earned returns equal to 15%, 9%, -7%, and 14% over the past four years. Given this information, during this 4-year period, Williams portfolio earned arithmetic and geometric average returns of:

Multiple Choice 7.75%; 11.20%

7.37%; 7.75%

7.75%; 7.37%

11.20%; 7.37%

11.20%; 7.75%

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