The S&P/TSX Composite Index showed the following TRs for a 6 year period: 11.1 per cent, -5.2 per cent, 20.3 per cent, 26.7 per cent, -12.4 per cent, and 2.2 per cent.
(a) Calculate the arithmetic mean return for the 6 year period.
(b) Calculate the geometric mean return for the 6 year period.
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