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Assume the that over the past couple of years your investment into a stock that pays no dividends was as follows: Year Starting price Shares

Assume the that over the past couple of years your investment into a stock that pays no dividends was as follows:

Year Starting price Shares bought/sold
2010 49.5 50 bought
2011 55.5 100 bought
2012 50.8 150 sold

What is your dollar-weighted annual return for over this period for this investment?

Enter answer in percents, to two decimal places.

Correct Answer -3.89 1%

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