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  3. a manager buys three shares of stock today, and th

A manager buys three shares of stock today, and then sells one of those shares each...

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Finance

A manager buys three shares of stock today, and then sells oneof those shares each year for the next 3 years. His actions and theprice history of the stock are summarized below. The stock pays nodividends.

TimePriceAction
0$120Buy 3 shares
1150Sell 1 share
2150Sell 1 share
3150Sell 1 share

a. Calculate the time-weighted geometricaverage return on this portfolio. (Do notround intermediate calculations. Round your answer to 2 decimalplaces.)

b. Calculate the time-weighted arithmeticaverage return on this portfolio. (Do not roundintermediate calculations. Round your answer to 2decimal places.)

c. Calculate the dollar-weighted average returnon this portfolio. (Do not round intermediate calculations.Round your answer to 2 decimal places.)

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