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3 A manager buys three shares of stock today, and then sells one of those shares each year for the next 3 years. His actions

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3 A manager buys three shares of stock today, and then sells one of those shares each year for the next 3 years. His actions and the price history of the stock are summarized below. The stock pays no dividends. 4 points $ 155 Time Price 0 1 185 185 195 Action Buy 3 shares Sell i share Sell 1 share Sell l share Skipped Required: a. Calculate the time-weighted geometric average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) eBook Geometric average retum Ask ff Print b. Calculate the time-weighted arithmetic average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) References Arithmetic average return c. Calculate the dollar-weighted average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dollar-weighted average return

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