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3- What is the HPR (Holding Period Return) for 4 periods, knowing that the company has distributed dividends of 2$ in the fourth quarter. Then

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3- What is the HPR (Holding Period Return) for 4 periods, knowing that the company has distributed dividends of 2$ in the fourth quarter. Then calculate Geometric average return.(3/ ) Q1 10 12 Q2 12 11 Q3 11 15 04 15 15 Beginning price Po Ending price P HPR Geometric average

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