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Forecasting Returns. You have found an asset with a 12.60 percent arithmetic average return and a 10.24 percent geometric return. Your observation period is 40

Forecasting Returns. You have found an asset with a 12.60 percent arithmetic average return and a 10.24 percent geometric return. Your observation period is 40 years. What is your best estimate of the return of the asset over the next 5 years, 10 years, and 20 years?

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