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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 Algo
A manager buys three shares of stock today and then sells one of those shares each year for the next years. HIs actions and the
price history of the stock are summarized below. The stock pays no dividends.
Required:
a Calculate the timeweighted geometric average return on this "portfolio."
Note: Do not round intermedlate calculations. Round your answer to decimal places.
b Calculate the timeweighted arlthmetic average retum on this portfolio.
Note: Do not round intermedlate calculations. Round your answer to decimal places.
c Calculate the dollarwelghted average return on this portfolio.
Note: Do not round intermedlate calculations. Round your answer to decimal places.
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