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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 2016 2017

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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 2016 2017 2018 2019 Beginning of Year Price $75 $80 $76 $79 # of Shares Bought or Sold 200 bought 150 bought 175 sold 175 sold What is the geometric average return for the period? Multiple Choice O 3.50% 1.31% o 1.75% 2.63%

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