Question
You have found an asset with a 14.30 percent arithmetic average return and a 10.58 percent geometric return. Your observation period is 25 years. What
You have found an asset with a 14.30 percent arithmetic average return and a 10.58 percent geometric return. Your observation period is 25 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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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
