Over a 5-year period, an investment in a broad market index yielded annual returns of 10, 16,
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Over a 5-year period, an investment in a broad market index yielded annual returns of 10, 16, –5, –8, and 7 percent. What were the arithmetic and geometric average annual returns for this index?
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Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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