The template for this exercise (see this books auxiliary website) gives the prices of the Vanguard Index

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The template for this exercise (see this book’s auxiliary website) gives the prices of the Vanguard Index 500 Fund (VFINX). This fund’s prices replicate the SP500 with dividends reinvested. Use this data to estimate the expected return on the SP500 in two variations: (1) all the data and (2) the last two years. (This exercise shows the problematics of using historical market data to estimate the expected returns.)

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Financial Modeling

ISBN: 9780253337825

5th Edition

Authors: Simon Benninga, Tal Mofkadi

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