Question
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 | $70 | 190 bought |
| 2015 | $75 | 140 bought |
| 2016 | $71 | 165 sold |
| 2017 | $74 | 165 sold |
What is the geometric average return for the period?
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
