Preview 1
Stocks,Bonds,andCash 1. The book (p.226) provides historical return data for stocks, bonds and cash investments. In particular, over the period 1900 – 2012, the ”average annual return” for stocks is given as 6.3%. Let us see where may this data come from. • The S&P on Jan 1 1900 was 6.10, and on Jan 1 2013 1480.40. Calculate the annual ...
Preview 1
Preview 2
Preview 3
Preview 4
Preview 5
Preview 6