HdOut-TaxationForPrj2 - JL" e, / (t i aaTz;t...

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Unformatted text preview: JL" e, / (t i aaTz;t )-o /u[,t-be , .Tnn. '5f n ', nt V.hel* Rot'..,n "i( /o h r.l<- In,l,o\ f,ernt.5f.n, nt O.d, TQa drl f,,',.o,7-a L.fre .t-tL-L nyg'rf t+ ei'z( Tnu'.^1n> c-7 ft" "r,/ (9't, iJ'rF) W,{ln,Jr-r,'r.o.( ,LTCA AJ/f,a,,,t1 Qlno fro- Tn,fro ( .T, rz>frtanf To \^/; f h./r.ru../ O. {. e..-r antr: a,116 c,,-7'i *ry' l,/u oonrl C o r":?,,r"1 * rn.-,,{ ?l-,t 6a'n N o,r. 0'f, a(\ L:T..A,6; ,,,:h ;ola7y s,^ iz a17ra7;iie ( Crnt enf r . d) Ra:hrr+ -.+ i\ot^c- 1.,lone. O, E. T,"'x a,> Nr,t- Encorncz beFete fnr.i/,n.it lr/* 1r; -l c. (e,rh rct&) / Jtrrh F RA ) O,J-, .J L ;a +{f 16> ?cau.;l Jt an/ ,1 eh' rr flar-r ".7r.o,^t To Otr4.nr'n '3;2 1,=Z l!1o ,a tn:- u)fz'l lt-'!+ r* I L4 Al I a Ka1taa .' (l - i?epfo-.,,,,.,1, t- hcr.+zter rsf,c-5 a F Yntast'e,-J-z (Q' *'l.tc n- fi;+F-' L;yttJi*y tty-,t r/ E *7rn-.. 'Tqx"h,l;t7 J F' .L-'J-^Tlatlian I nn #rnrn+ vs" A>:r.t Lu*^fiu,t 3/tt/a W!_j4e.,,tf3' Gl R.hre rncnf (76x D.Forr-J; Ouoltfi.Z) i3o-r/-- - fa rcl of f ery*/l es9 )fa-ks vs. 13"./e I3r'dE :2n tl-lqx-T.nv.etrnen ( ftr-bl-, No,-- Guo irT t;) aTaak= ._ nxt;nly czpdt L,T z, e; h rd -t ts2 C2.E 5foaKs l2a e+t rr Lew Tf irt av6T iv7 u n,>; ?c (t , ,'F in I a,u toltt br.*xfi ho,/ u 5e Taxqb/ze (p" bil au lel;zz) (loney tfur Kal p,tt ual vun/-+- tqx lzrernfl (iF 'i,1 h,g6a/" bror>i<" -)' 1D" ul eul"liun\ ter t"n h,l/;n4 ?afiilA- =teaKs sinaa il"Zy hnr. q?a{ar f etdrn J-,,1 la o,*Fi Frorr ole.F-rt-;,r4 fhe lc-fet,-7 Frrr,- la,r.4- Aufi ne H 4h Tu rnpref TZ,roblal- C.ryargfzi-ftp=ut'ie5 flvrQne- !'a-bf-J TTP5 Yland/ {br trd (lot,.rol F"t-r/-G x-hic. L @ 6 TanHrr-of Ailmhan> +.1 ! .Anr.qt' t,', I D, fthrarn.t Ac-+r-.n-J-, (Vcre Ce,n rr).a,t? {7o--F V=ar,J fl ,'- ri) Czf-f i> 7z+r;ta.,> =/-t/ u t fir-. n,rrnf r1t'n.- ln1u,-tie-i;"a I h,rh T) xol-lc f$zr,-tu tlq," /i.t'y' BrJ> 3 \ * fr'v;nc/N-x& #,tr/r 'frrnon-n L ", ^, Tu r tl ati-af 2 pe- iol C.*>-*p Tahle 2-tr2,2-tr3, and 2-14 Table2-12: Summary Statistics of Annual Feturns (%) (Alvavs Bebalance) 100% Large Company Stock 90% Stock/l0% Bonds 70% Stock/30% Bonds Data from 1926-2008 Geometric Mean 96 94 8.9 63 88 94 5l Table 2-13: Summary Statistics of Annual Beturns (0/o) 1 00% Large Company Stock 1 00% Large Company Stock 9.6 90% Stock/'IO% Bonds 99 5% Stock/O.S% Bonds I 5 Stock/30% Bonds 50% Stock/50% Bonds r0.0 lu.6 19.6 17 1 16.0 ) 14.1 1 1.3 9.4 10% Stock/90% Bonds 100% Long-Term Govt. Bonds Data from 1926 to 2008 71.4% Stock/28.6% Bonds 100% Long-Term Govt. Bonds 7.1 5l 91 7.7 6.1 Table 214: Compound Annual Rates of Beturn by Decade i%) 1970s lg8os 1990s 2000st* 1999-08 100% Large Company Stock 90% Stock/l0% Bonds 70% Stock/30% Bonds 50% Stock/50% Bonds 30% Stock/7O% Bonds 10% Stocki9O% Bonds 100% Long-Term Govt. Bonds *Based on the period 1926-1929 **Based on the period 2000-2008 19.2 -0 1 18.0 1 0 15 3 2.8 17.5 4.1 96 4.8 66 50 50 4.9 92 19.4 8,7 11 .4 7.6 13.4 6.5 9.5 52 56 10 1A 3.2 -0,1 17.6 18.2 112 113 16.5 155 1 5.5 13,6 14 5 11.7 13.3 9.8 17.8 B,B-36 -14-2.1 -0 3 09 19 3.8 3.9 66 5.8 93 76...
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This note was uploaded on 09/08/2010 for the course BUS 172B at San Jose State University .

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HdOut-TaxationForPrj2 - JL" e, / (t i aaTz;t...

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