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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 |
| 2016 | $50 | 100 bought |
| 2017 | $55 | 50 bought |
| 2018 | $51 | 75 sold |
| 2019 | $54 | 75 sold |
What is the geometric average return for the period?
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
