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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 Year Price # of Shares Bought or Sold 160 bought 110 bought 135 sold 135 sold Year 2014 2015 2016 2017 $55 $60 $56 $59 What is the geometric average return for the period?

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