在notes第一本(数量分析)第265页,写到:the continuously compounded rate of return is :
ln(s1/s0)=ln(1+HPR)=Rcc
我奇怪的Rcc不是stated annual rate嘛?而且上面提到:The effective annual rate,based on continuous
compounding for a stated annual rate of Rcc,can be calculated from the formula:
EAR=e的Rcc次方 -1
我是觉得这个回报的连续复利不应该是EAR嘛?还要再通过进一步计算吧?


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