Question
Stocks offer an expected return of 18% with a standard deviation of 22%, and gold offers an expected return of 10%with a standard deviation of
Stocks offer an expected return of 18% with a standard deviation of 22%, and gold offers an expected return of 10%with a standard deviation of 30%. In light of the apparent inferiority of gold, would anyone hold gold? Why
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
