Question
Over a 40-year period an asset than an arithmetic return of 11.6 percent and a geometric return of 9.5 percent. Using Blume's formula, what is
Over a 40-year period an asset than an arithmetic return of 11.6 percent and a geometric return of 9.5 percent.
Using Blume's formula, what is your best estimate of the future annual returns over 5 years? 10 years? 20 years?
| Future Annual Return | |
| 5 years | |
| 10 years | |
| 20 years |
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Auditing and Assurance services an integrated approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
16th edition
978-0134075754, 134075757, 134065824, 978-0134065823
