A manager buys three shares of stock today, and then sells one of those shares each year for the next 3 years. His actions and the price history of the stock are summarized below. The stock pays no dividends.
|0||$||?110 ?||?||??Buy 3 shares|
|1||?||120 ?||?||Sell 1 share|
|2||?||120 ?||?||Sell 1 share|
|3||?||120 ?||?||Sell 1 share|
Calculate the time-weighted geometric average return on this ?portfolio.??(Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "%" sign in your response.)
|??Geometric average return||?% ?|
Calculate the time-weighted arithmetic average return on this portfolio.?(Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "%" sign in your response.)
|??Arithmetic average return||?% ?|
Calculate the dollar-weighted average return on this portfolio.(Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "%" sign in your response.)
|??Dollar-weighted average return||?% ?|
1. Step 1 of 4
The given information is summarized as:
The manager buys three shares and sells one share each year for the next three
No Dividends are paid by the...
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