Arithmetic mean return

Definition

An average of the subperiod returns, calculated by summing the subperiod returns and dividing by the number of subperiods.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University


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Managing underwriter
The leading firm in an underwriting group, which originates the deal and acts as an agent for the group.

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