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Suppose you buy a stock for two years. In the first year the stock is up 50%; in the second year it is down 50%.
Suppose you buy a stock for two years. In the first year the stock is up 50%; in the second year it is down 50%.
Find the arithmetic and geometric average. Prove the geometric average represents the HPR.
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Authors: Greg Middleton
1st Edition
979-8866955046
