Question
Over a 36-year period an asset had an arithmetic return of 12.3 percent and a geometric return of 10.2 percent. Using Blumes formula, what is
Over a 36-year period an asset had an arithmetic return of 12.3 percent and a geometric return of 10.2 percent. Using Blumes formula, what is your best estimate of the future annual returns over 5 years? 9 years? 18 years?
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Financial Management Of Financial Institutions
Authors: George H Hempel
1st Edition
0133159604, 9780133159608
