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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 years. His actions and the
price history of the stock are summarized below. The stock pays no dividends.
Required:
a Calculate the timeweighted geometric average return on this portfolio Do not round intermediate calculations. Round your
answer to decimel pleces.
Geomeric average return
b Calculate the timeweighted arithmetic average return on this portfolio. Do not round intermediate calculations. Round your
answer to decimal places.
Arthmetic average reaura
c Calculate the dollarweighted average return on this portfollo, Do not round intermediate calculations, Round your answer to
decimal places.
Dollarweighted awerage return
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