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Over a 44-year period an asset had an arithmetic return of 12.7 percent and a geometric return of 10.6 percent. Using Blumes formula, what is

Over a 44-year period an asset had an arithmetic return of 12.7 percent and a geometric return of 10.6 percent.

Using Blumes formula, what is your best estimate of the future annual returns over 9 years? 13 years? 22 years

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