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You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends. Year 2008 2009

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You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends. Year 2008 2009 2010 Beginning of Year Price $50.00 $55.00 $51.00 $54.00 # of shares bought or sold 100 bought 50 bought 75 sold 75 sold 2011 What is the geometric average return for the period

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