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11. value: 10.00 points You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no

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11. value: 10.00 points You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends. Year 2008 2009 2010 2011 Beginning of Year Price $70 $75 $71 $74 # of Shares Bought or Sold 190bought 140bought 165 sold 165 sold What is the geometric average return for the period? 1.87% 2.82% 3.75% 1.40%

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