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ch5_outline - 1 Good measure for “best guess” of future...

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Investment Analysis Chapter 5 I. Rates of Return a. Holding period of return: rate of return over a given investment period b. Measuring investment returns over multiple periods i. Arithmetic average
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Unformatted text preview: 1. Good measure for “best guess” of future performance ii. Geometric average 1. Better tell because losses hurt worse than gains iii. Dollar-weighted return 1. IRR...
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