Question
2) An asset had returns of 20 percent, 18 percent, 16 percent, -4 percent, 14 percent, and 14 percent over the last six years. (a)
2) An asset had returns of 20 percent, 18 percent, 16 percent, -4 percent, 14 percent, and 14 percent over the last six years.
(a)
What is the arithmetic return for the asset?
(b)
What is the geometric return for the asset?
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
