Question
Over a 50-year period an asset had an arithmetic return of 12.80 percent and a geometric return of 10.70 percent. Using Blume%u2019s formula, what is
Over a 50-year period an asset had an arithmetic return of 12.80 percent and a geometric return of 10.70 percent.
Using Blume%u2019s formula, what is your best estimate of the future annual returns over 10 years? 14 years? 25 years? Future annual returns
10 years %?
14 years %?
25 years %?
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
