Suppose you buy a stock for two years. In the first year the stock is up 50%;
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Question:
Suppose you buy a stock for two years. In the first year the stock is up 50%; in the second year it is down 50%.
Find the arithmetic and geometric average. Prove the geometric average represents the HPR.
Related Book For
International Economics
ISBN: 978-1429278447
3rd edition
Authors: Robert C. Feenstra, Alan M. Taylor
Posted Date: