Question: Over a 44-year period, an asset had an arithmetic return of 13 percent and a geometric return of 10.9 percent. Using Blumes formula, what is
Over a 44-year period, an asset had an arithmetic return of 13 percent and a geometric return of 10.9 percent. Using Blumes formula, what is your best estimate of the future annual returns over 5 years? 11 years? 22 years
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