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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
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. Action Buy 3 shares Seil 1 share 150 Sell share Sell 1 Share Price $ 140 150 1 2 04 350 a. Calculate the time-weighted geometric average return on this portfolio." (Do not round intermediate calculations. Round your answer to 2 decimal places.) Geometric average retur 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 retum
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