The rate of return on an investment from time s to t where s < t...
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The rate of return on an investment from time s to t where s < t is: I(t) - I(s) I(s) r(s, t) = Show that the logarithmic return: I(t) I(s) is additive. That is, verify that In r(s, t) + In r(t, u) = ln r(s, u) for s < t < u In r(s, t) In- The rate of return on an investment from time s to t where s < t is: I(t) - I(s) I(s) r(s, t) = Show that the logarithmic return: I(t) I(s) is additive. That is, verify that In r(s, t) + In r(t, u) = ln r(s, u) for s < t < u In r(s, t) In-
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