a. If you want to forecast what the stock market is going to do over the next

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a. If you want to forecast what the stock market is going to do over the next year, should you use an arithmetic or geometric average?

b. If you want to forecast what the stock market is going to do over the next century, should you use an arithmetic or geometric average?

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Essentials Of Corporate Finance

ISBN: 9781265414962

11th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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