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7. 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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7. 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. a. Calculate the time-weighted geometric average return on this "portfolio." b. Calculate the time-weighted arithmetic average return on this portfolio. c. Calculate the dollar-weighted average return on this portfolio

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