You Have the Returns for a Stock Over the Last

Multiple Choice

You have the returns for a stock over the last twenty years. Assuming the returns are different each year, you know:

A) the arithmetic return will always be larger.
B) the geometric return will always be larger.
C) the arithmetic return will be larger if there are no negative returns.
D) the geometric return will be larger if there are no negative returns.
E) it is uncertain whether the arithmetic or geometric return will be larger.