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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 | $60 | 170 bought |
| 2015 | $65 | 120 bought |
| 2016 | $61 | 145 sold |
| 2017 | $64 | 145 sold |
What is the geometric average return for the period?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
