Question
An investor always reinvests her interest earned on a bond portfolio. Which of the following methods provides the best measure of the actual average historical
An investor always reinvests her interest earned on a bond portfolio. Which of the following methods provides the best measure of the actual average historical performance of her bond portfolio?
a. Index return
b. Geometric average return
c. Arithmetic average return
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
