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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 Beginning price
You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends. Year Beginning price Shares bought (+) or sold (-) 2018 $126.00 +125 2019 $132.00 -45 2020 $144.00 -80 What is the geometric average return for the period? 6.9% 7.8% 6.2%
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