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Julius buys 1 0 0 shares of Acme stock at $ 1 0 0 per share on January 1 , Year 1 . At the
Julius buys shares of Acme stock at $ per share on January Year At the end of the first year
December Year he buys more shares at $ per share. At the end of the second year
December Year he buys another shares for $ per share. The stock pays a dividend of $
per share on December th of each year. Acme is trading at $ as of December Year What is
the time weighted return for Acme since January Year to today?
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