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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. Beginning of #

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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. Beginning of # of shares Year Pricebought or sold Year 2013 $50.00 100 bought 2014 $55.00 50 bought 2015 $51.00 75 sold 2016 $58.00 75 sold What is the dollar-weighted return over the entire time period? 2.48% O 2.21% O 0.74% 0 2.60%

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