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Problem 2 4 . 7 ( Algo ) A manager buys three shares of stock today and then sells one of those shares each year

Problem 24.7(Algo)
A manager buys three shares of stock today and then sells one of those shares each year for the next 3 years. His actlons and the
price history of the stock are summarized below. The stock pays no dividends.
Required:
a. Calculate the time-welghted geometric average return on this "portfolio."
Note: Do not round intermedlate calculations. Round your answer to 2 decimal places.
b. Calculate the time-weighted arithmetic average retum on this portfolio.
Note: Do not round intermedlate calculations. Round your answer to 2 decimal places.
c. Calculate the dollar-weighted average return on this portfolio.
Note: Do not round intermedlate calculations. Round your answer to 2 decimal places.
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