Over a 36-year period an asset had an arithmetic return of
Over a 36-year period an asset had an arithmetic return of 12.3 percent and a geometric return of 10.2 percent. Using Blume’s formula, what is your best estimate of the future annual returns over 5 years? 9 years? 18 years?
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over a 36-year period an asset had an arithmetic return of 123 percent and a geometric return of 102 percent using
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