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Year 1 2 3 HPR 0.2871 0.1085 0.0490 a) Compute the arithmetic average return b) Compute the geometric average return c) Compute the Sharpe ratio,
Year 1 2 3 HPR 0.2871 0.1085 0.0490 a) Compute the arithmetic average return b) Compute the geometric average return c) Compute the Sharpe ratio, assuming standard deviation = 12.33% and the risk-free rate was 4% per year
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