Question: You are managing a portfolio worth $200 at the start of the period. After one month, the value of the portfolio is up to $220,

You are managing a portfolio worth $200 at the start of the period. After one month, the value of the portfolio is up to $220, and the client, who needs cash, withdraws $40. Two months later, the portfolio is still worth $180. Give various measures of the return on the portfolio over the three-month period.

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