Using Average Historical Data for Risk Premium Estimates: Arithmetic Mean, Geometric Mean, or Something Else?

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American Society of Appraisers Business Valuation Review™
Winter 1998 Volume 17, Issue 4 pp. 136-140
Ian Gray
Brian C. Becker, Ph.D.
Using Average Historical Data for Risk Premium Estimates: Arithmetic Mean, Geometric Mean, or Something Else?
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