Question
Suppose that an asset has returned 100%, -50%, and 25% in the past three years. Its past annualized holding period returns are _______; and the
Suppose that an asset has returned 100%, -50%, and 25% in the past three years. Its past annualized holding period returns are _______; and the best statistical estimate of next period's expected return is _______.
A) 7.7%; 25%
B) 25%; 25%
C) 25%; 7.7%
D) 7.7%; 7.7%
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
