罗斯《公司理财英文版(上)第七版.pptVIP

9-* Holding Period Returns A famous set of studies dealing with the rates of returns on common stocks, bonds, and Treasury bills was conducted by Roger Ibbotson and Rex Sinquefield. They present year-by-year historical rates of return starting in 1926 for the following five important types of financial instruments in the United States: Large-Company Common Stocks Small-company Common Stocks Long-Term Corporate Bonds Long-Term U.S. Government Bonds U.S. Treasury Bills 9-* The Future Value of an Investmentof $1 in 1925 $59.70 $17.48 Source: ? Stocks, Bonds, Bills, and Inflation 2003 Yearbook?,