Question
A portfolio of stocks earned an arithmetic average return of 6% per year between Jan 1, 2010 and Dec. 31, 2019. The geometric average return
A portfolio of stocks earned an arithmetic average return of 6% per year between Jan 1, 2010 and Dec. 31, 2019. The geometric average return per year for the same period was 5.5%. If the portfolio value at the beginning of 2010 was $10,000, what was the portfolio value at the end of 2019?
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
