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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.
\table[[Time,Price,Action],[0,$165,Buy 3 shares],[1,195,Sell 1 share],[2,195,Sell 1 share],[3,195,Sell 1 share]]
Required:
a. Calculate the time-weighted geometric average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer is complete but not entirely correct.
\table[[Geometric average return,5.67ox,%
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