Is there a difference between arithmetic and geometric average returns? Is it true that they converge or not?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter10: Valuing Early-stage Ventures
Section10.2: Basic Mechanics Of Valuation: Mixing Vision And Reality
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Is there a difference between arithmetic and geometric average returns? Is it true that they converge or not?

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