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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

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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. Price Action $ 195 Buy 3 shares 1 225 Sell 1 share 2 225 Sell 1 share 3 225 Sell 1 share a. Calculate the time weighted geometric average return on this "portfolio." (Do not round intermediate calculations. Round your answer to 2 decimal places.) Geometrio average retum % b. Calculate the time weighted arithmetic average return on this portfolio (Do not round intermediate calculations. Round your answer to 2 decimal places.) 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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