Arthur purchases 200 shares of HMS stock for $23 per share. He then makes subsequent purchases at the end of the following years:
Year 1: 50 shares at $26 per share
Year 2: 75 shares at $29 per share
Year 3: 25 shares at $36 per share
At the end of the fourth year, HMS is trading at $41 per share. What is the annualized time-weighted return on the stock over the 4-year period? (Assume that no dividends were paid over the 4-year period)
13.85%
14.25%
15.00%
15.55%
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Arthur purchases 200 shares of HMS stock for $23 per share. He then makes subsequent purchases...
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