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Question 14
Input area:
Year Returns
Output area:
Year 1 14%
Year 2 18%
Year 3 26%
Year 4 -19%
Year 5 34%
Year 6 -9%
Standard deviation 32.60%
Arithmetic return 11.70%
Years of historical estimation 40
Geometric return 9.60%
Years for future estimation 20
Arithmetic return 11.90%
Years of historical estimation 85
Geometric return 9.90%
Years for future estimation 30
Average observed real return