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3 Question 1 12.5 pts The estimated average return (E(R)) on an investment portfolio is 7.23%. Assume that the returns follow a normal distribution and
3 Question 1 12.5 pts The estimated average return (E(R)) on an investment portfolio is 7.23%. Assume that the returns follow a normal distribution and the estimated standard deviation a of returns is 15.05% per year. What is the expected CAGR (geometric mean) of returns? Enter the answer as a decimal (with 4 decimal places). For example 3.7124% = 0.0371
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Short Term Financial Management
Authors: Ned C. Hill, William L. Sartoris
3rd Edition
0023548320, 978-0023548321
