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Published in:
2011 | OriginalPaper | Chapter
Returns
Author : Javier Estrada
Published in: The Essential Financial Toolkit
Publisher: Palgrave Macmillan UK
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This chapter discusses the concept of returns, essential for evaluating the performance of any investment. We will start by defining the arithmetic return in any given period and then expand the definition to multiperiod returns. Then we will define the logarithmic return in any given period and again expand the definition to multiperiod returns. We will conclude by discussing the distinction between these two types of returns.