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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 of
You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends.
| Year | Beginning of Year Price | # of Shares Bought or Sold |
| 2014 | $30 | 110 bought |
| 2015 | $35 | 60 bought |
| 2016 | $31 | 85 sold |
| 2017 | $34 | 85 sold |
What is the geometric average return for the period?
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
