Question
Suppose you make a $10,000 investment for 4 years. In the first year you lose $600. In the second year you gain $2,500. In the
Suppose you make a $10,000 investment for 4 years. In the first year you lose $600. In the second year you gain $2,500. In the third year you lose $1,000. What must you earn ($) in the fourth year to make your average annual geometric mean return equal 5.0%?
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
