Question
During the past 20 years, the US GDP has grown at an annual rate of 4%; meanwhile, the stock market provides us with an annual
During the past 20 years, the US GDP has grown at an annual rate of 4%; meanwhile, the stock market provides us with an annual return of 10%. Explain why the stock market more than doubles the growth of the economy.
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Answer The reason why the stock market has more than doubled the growth of the US GDP over the past ...
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
