What is the reasoning behind using the average annual return as a measure of expected return?

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Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

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Question Posted: Mar 31, 2017 02:24 PM

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What is the reasoning behind using the average annual return as a measure of expected return?

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Fundamentals of Corporate Finance

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