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To estimate the (annual) expected return of a security we use the average of the historical (annual) returns of the security.
a. What kind of average would you use?
I. Arithmetic average
II. Geometric average
Please circle ONE
b. Justify your answer: Why do you think we should use Arithmetic instead of Geometric average, or vice versa?
white addresses the bureaucratic inhibitors to homeland security. these inhibitors are apparent in every bureaucratic
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The Nelson Company has $1,212,500 in current assets and $485,000 in current liabilities. Its initial inventory level is $310,000, and it will raise funds
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