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What is the expected arithmetic return of a security based on the following historical data? Return 5 years ago = 17.0% Return 4 years ago
What is the expected arithmetic return of a security based on the following historical data?
Return 5 years ago = 17.0%
Return 4 years ago = 9.2%
Return 3 years ago = -2.2%
Return 2 years ago = -12.2%
Return last year = 32.0%
a.14.52%
b.11.29%
c.8.76%
d.7.69%
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