The Role of Conceptual Context in Finding the Rate of Return
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This article uncovers and explores a fairly subtle issue at a first glance, namely compounding and noncompounding contexts in the problem of finding the rate of return for investment portfolios. In reality this is a very important factor that should be considered as an essential characterstic of any method for calculating rate of return.
Authors: Yuri Shestopaloff and Konstantin Shestopaloff