Question: Over a 44-year period an asset had an arithmetic return of 11.8 percent and a geometric return of 9.7 percent. Using Blumes formula, what is
Over a 44-year period an asset had an arithmetic return of 11.8 percent and a geometric return of 9.7 percent. Using Blumes formula, what is your best estimate of the future annual returns over 7 years? 12 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 7 years % 12 years % 22 years %
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