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You have the following stock prices over several years. Assume that the stock pays no dividends. Year Beginning of year price Number of shares bought

You have the following stock prices over several years. Assume that the stock pays no dividends.

Year Beginning of year price Number of shares bought or sold

2005 100 13 bought

2006 120 18 bought

2007 110 20 sold

2008 130 8 sold Taking into account stock purchases and sales data shown, what is the dollar weighted annual return over the entire time period?

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