Suppose I hold an asset for two periods. Its return is -20% in the first period and +10% in the second period. Which is higher,
Suppose I hold an asset for two periods. Its return is -20% in the first period and +10% in the second period.
Which is higher, the geometric average return or arithmetic average return?
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Authors: Eugene F. Brigham, Michael C. Ehrhardt
10th Edition
0030329922, 9780030329920
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