Over a 40-year period an asset had an arithmetic return of 15.3 percent and a geometric return

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Over a 40-year period an asset had an arithmetic return of 15.3 percent and a geometric return of 11.9 percent. Using Blume’s formula, what is your best estimate of the future annual returns over 5 years? 10 years? 20 years?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 19, 2023 03:22 AM

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Over a 40-year period an asset had an arithmetic return of 15.3 percent and a geometric return

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Fundamentals of corporate finance

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