Question
Over the past 15 years, the common stock of The Flower Shoppe has produced an arithmetic average return of 12.2 percent and a geometric average
Over the past 15 years, the common stock of The Flower Shoppe has produced an arithmetic average return of 12.2 percent and a geometric average return of 11.5 percent. What is the projected return on this stock for the next five years according to Blume's formula?
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