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As we know, dollar-weighted average return is a more accurate way to measure security return performance if we buy or sell securities from time to

As we know, dollar-weighted average return is a more accurate way to measure security return performance if we buy or sell securities from time to time. Suppose you have the following price information for a risky security for several recent years. Assume that the stock pays no dividends

Year

Beginning of year price

# of share bought or sold

2017

$50

100 bought

2018

$55

50 bought

2019

$51

75 sold

2020

$54

75 sold

What is the dollar-weighted average return over the entire trading period?

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