Over a 25-year period, an investment in a broad market index yielded an arithmetic average return of
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Over a 25-year period, an investment in a broad market index yielded an arithmetic average return of 4 percent and a geometric average return of 3.6 percent. Using Blume’s formula, what would be the 5-year and 10-year average return forecasts?
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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