Problem $18-7($Algo$)$

$7\mathrm{.}69$ points

Referesces

References

References

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.

$\backslash$table$[[$Time$,$Price,Action$],[0,$$$120,$Buy $3$ shares$],[1,150,$Sell $1$ share$],[2,150,$Sell $1$ share$],[3,150,$Sell $1$ share$]]$

Required:

a$.$ Calculate the time$-$weighted geometric average return on this portfolio. $($Do not round intermediate calculations. Round your onswer to $2$ decimal places.$)$

Geometric average return

b$.$ Calculate the time$-$weighted arithmetic average return on this portfolio. $($Do not round intermediate calculations. Round your onswer to $2$ decimal places.$)$

Arithmetic average return

Arithmetic average return

c$.$ Calculate the dollar$-$weighted average return on this portfolio. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Dollar$-$weighted average return