1.1 - (1/6)) = .0982 or 9.82% 18. Arithmetic Average =...

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8. Geometric Return = (1 - ((1 + .16) * (1 + -.19) * (1 + .04) * (1 + .34) * (1 + .22)) ^ (1/5)) = .0982 or 9.82% 9. Arithmetic Average = (.31 + .09 + .17 + -.03 + -.21 + .37)/ 6 = .1167 or 11.67% Geometric Return = (1 - ((1 + .31) * (1 + .09) * (1 + .17) * (1 + -.03) * (1 + -.21) * (1 + .37)) ^
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Unformatted text preview: (1/6)) = .0982 or 9.82% 18. Arithmetic Average = (-.15 + .12 + .15 + .22 + .11)/ 5 = .09 or 9% Geometric Return = (1 - ((1 + -.15) * (1 + .12) * (1 + .15) * (1 + .22) * (1 + .11)) ^ (1/5)) = .0819 or 8.19%...
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