Question: 1. What should we use for expected market return? a. 10-year arithmetic average return of S&P 500 index. b. 10-year geometric average return of S&P
1. What should we use for expected market return?
a. 10-year arithmetic average return of S&P 500 index.
b. 10-year geometric average return of S&P 500 index.
c. 80-year arithmetic average return of S&P 500 index.
d. 80-year geometric average return of S&P 500 index.
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