Question
You have been invested in ABC stock for the past 10 years.The financial news reports that ABC has a 10-year annualizedreturn = 11%, but when
You have been invested in ABC stock for the past 10 years.The financial news reports that ABC has a 10-year annualizedreturn = 11%, but when you compute the rate of change between your starting investments in ABC and your current value,you get 9.5%.Why might there be a difference?
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
