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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.
Required:
a. Calculate the time-weighted geometric average return on this "portfolio."
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
b. Calculate the time-weighted arithmetic average return on this portfolio.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
c. Calculate the dollar-weighted average return on this portfolio.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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