Question

You have the following rates of return for a risky portfolio for several recent years. Assume...

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
2014 $30 110 bought
2015 $35 60 bought
2016 $31 85 sold
2017 $34 85 sold

What is the geometric average return for the period?

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