The template for exercise 12 gives the prices of the Vanguard Index 500 Fund (symbol: VFINX). This

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The template for exercise 12 gives the prices of the Vanguard Index 500 Fund (symbol: VFINX). This fund’s prices replicate the S&P 500 with dividends reinvested. Use these data to estimate the expected return on the S&P 500 in two variations: All the data, the last 2 years. (This exercise shows the problematics of using historical market data to estimate the expected returns.)

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Financial Modeling

ISBN: 9780262027281

4th Edition

Authors: Simon Benninga

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