Question
Using data in the text, rank the following asset classes from lowest to highest average annual return over the period 1926 to 2013: Small stocks
Using data in the text, rank the following asset classes from lowest to highest average annual return over the period 1926 to 2013:
Small stocks
Long-term bonds
Large stocks
T-Bills
Why would you expect the relative returns to be ordered in this way? How would you expect these assets to be ranked by a standard risk measure?
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Corporate Financial Management
Authors: Glen Arnold, James Pickford
2nd Edition
0582821762, 978-0582821767
