# Fight Finance

#### CoursesTagsRandomAllRecentScores

 Scores keithphw $6,011.61 Jade$1,815.80 Chu $789.98 ZOE HY$763.33 royal ne... $750.00 Leehy$713.33 Visitor $650.00 JennyLI$625.61 Visitor $590.00 Visitor$555.33 Visitor $550.00 Visitor$550.00 Visitor $540.00 Visitor$500.00 Yizhou $489.18 Visitor$480.00 Visitor $480.00 Visitor$470.00 Visitor $464.70 LWH$460.00

The symbol $\text{GDR}_{0\rightarrow 1}$ represents a stock's gross discrete return per annum over the first year. $\text{GDR}_{0\rightarrow 1} = P_1/P_0$. The subscript indicates the time period that the return is mentioned over. So for example, $\text{AAGDR}_{1 \rightarrow 3}$ is the arithmetic average GDR measured over the two year period from years 1 to 3, but it is expressed as a per annum rate.

Which of the below statements about the arithmetic and geometric average GDR is NOT correct?