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Consider the rate of return of stocks ABC and XYZ. Calculate the geometric average returns of each stock. Which average is always lower: geometric average
Consider the rate of return of stocks ABC and XYZ.
Calculate the geometric average returns of each stock.
Which average is always lower: geometric average or arithmetic average?
Why?
Year Ass XYZ 1 24% 34% 2 10 12 3 17 18 4 4 1 5 1 -9Step by Step Solution
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