NO.PZ2023052302000005
问题如下:
Which of the following statements regarding arithmetic and geometric means is correct?
选项:
A.
The geometric mean will exceed the arithmetic mean for a series with non-zero variance
B.
The geometric mean measures an investment’s compound rate of growth over multiple periods.
C.
The arithmetic mean measures an investment’s terminal value over multiple periods.
解释:
B is correct. The geometric mean compounds the periodic returns of every period, giving the investor a more accurate measure of the terminal value of an investment.
终值是用什么来衡量呢?