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An asset has had an arithmetic return of 10.5 percent and a geometric return of 8.5 percent over the last 80 years. What return would
An asset has had an arithmetic return of 10.5 percent and a geometric return of 8.5 percent over the last 80 years. What return would you estimate for this asset over the next 4 years? 18 years? 25 years?
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