When should the geometric mean return be used to measure returns? Why will it always be less

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When should the geometric mean return be used to measure returns? Why will it always be less than the arithmetic mean (unless the numbers are identical)?

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Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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Question Posted: Dec 15, 2015 06:10 AM

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When should the geometric mean return be used to measure returns? Why will it always be less

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The geometric mean is a better measure of the change in wealth over more than a si...View the full answer

Investments Analysis and Management

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