题目是这样的
Suppose that the company that does well has
1)10 times as many shares on issue as the companythat does badlly
2)one-tenth of the number of shares on issue asthe company that does badly
Calculate the arithmetic, logarithmetric andbuy-hold daily returns and cumulative daily return for each security and for a value weighted portfolio inwhich 10 times as many shares are held in the larger company.
求教这道题要怎么做呀??
还有最简单的一个问题
假设股票价格在t0=1, t1=0.9, t2=1, t3=0.9, .....一直到t10=1,用arithmetic,logarithmetric and buy-hold returns来计算cumulative dailyreturn公式分别是什么呀,简单相加吗?还是都用当前价格和t0比, 尤其BHR的cumulative daily return肿么算?