Question
You have found an asset with a 14.20 percent arithmetic average return and a 10.56 percent geometric return. Your observation period is 50 years. What
You have found an asset with a 14.20 percent arithmetic average return and a 10.56 percent geometric return. Your observation period is 50 years. What is your best estimate of the return of the asset over the next 5 years? 10 years? 20 years?
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Financial Management Of Financial Institutions
Authors: George H Hempel
1st Edition
0133159604, 9780133159608
