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Based on historical returns in the U.S., which method generates the highest historical equity risk premium? Arithmetic average returns of the SP500 relative to T-bill
Based on historical returns in the U.S., which method generates the highest historical equity risk premium?
| Arithmetic average returns of the SP500 relative to T-bill YTMs. | ||
| Geometric average returns of the SP500 relative to T-bill YTMs. | ||
| Arithmetic average returns of the SP500 relative to T-bond YTMs. | ||
| Geometric average returns of the SP500 relative to T-bond YTMs. |
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
