Assume you invested in an asset for 2 years. The first year you earned a 15% return,

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Assume you invested in an asset for 2 years. The first year you earned a 15% return, and the second year you earned a negative 10% return. What was your annual geometric return?


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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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