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An asset has had an arithmetic return of 11.8 percent and a geometric return of 9.8 percent over the last 84 years. What return would
An asset has had an arithmetic return of 11.8 percent and a geometric return of 9.8 percent over the last 84 years. What return would you estimate for this asset over the next 7 years? 22 years? 38 years?
Future Annual Returns:
7 years _______%
22 years _______%
38 years _______%
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