Question: The exercise Excel notebook gives data for three mutual funds. Compute the discrete annual returns for each fund and then use an array function to
The exercise Excel notebook gives data for three mutual funds. Compute the discrete annual returns for each fund and then use an array function to compute the compound annual return over the period. Recall that discretely compounded, the return in year t is (Fund value t / Fund valuetâ1) â 1. If the returns were continuously compounded, then the year- t return would be ln(Fund value t / Fund valuetâ 1).
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