Suppose you invest in a piece of art that increases in value by 40% in the first year, 20% in the second year and 60% in the third year. 1. Calculate the arthmetic mean of the return. 2. Calculate the...

Suppose you invest in a piece of art that increases in value by 40% in the first year, 20% in the second year and 60% in the third year.

1. Calculate the arthmetic mean of the return.

2. Calculate the geometric mean of the return.

3. Explain the difference between what you got in the previous two questions.