A portfolio of stocks generates a 9% return in 2018, a 23% return in 2019, and a
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A portfolio of stocks generates a −9% return in 2018, a 23% return in 2019, and a 17% return in 2020. What was the annualized return (geometric mean) for the entire period?
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Related Book For
ISE Investments
ISBN: 9781260571158
12th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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