Question
What are the arithmetic and geometric (Answer in that order) average returns for a stock with annual returns of 4 percent, 9 percent, -6 percent,
What are the arithmetic and geometric (Answer in that order) average returns for a stock with annual returns of 4 percent, 9 percent, -6 percent, and 18 percent?
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
