Question: Over a 44-year period an asset had an arithmetic return of 12.7 percent and a geometric return of 10.6 percent. Using Blumes formula, what is

Over a 44-year period an asset had an arithmetic return of 12.7 percent and a geometric return of 10.6 percent.

Using Blumes formula, what is your best estimate of the future annual returns over 9 years? 13 years? 22 years? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Future annual returns
9 years %
13 years %
22 years %

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