Using the five years of returns, assume that one of the five years during the second half

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Using the five years of returns, assume that one of the five years during the second half of the decade, 2015–2019, shows a loss of 10 percent. What would the geometric mean of the remaining four years have to be for the decade as a whole to average the 10 percent return for the S&P 500 Index?

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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