Question: Over a 36-year period, an asset had an arithmetic return of 12.3 percent and a geometric return of 10.2 percent. Using Blume's formula, what is

Over a 36-year period, an asset had an arithmetic return of 12.3 percent and a geometric return of 10.2 percent. Using Blume's formula, what is your best estimate of the future annual returns over 5 years? 9 years? 18 years? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

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