Question
Which of the following should be used in determining the true annual return of a portfolio held for more than 1 year? Multiple Choice -Arithmetic
Which of the following should be used in determining the true annual return of a portfolio held for more than 1 year?
Multiple Choice
-Arithmetic mean
-Sum of annual returns divided by number of years
-Geometric mean
-Dollar return divided by ending portfolio value
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Fundamentals Of Management
Authors: Ricky Griffin
10th Edition
9780357517345
