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please answer question i, ii and iii thank you very much for your help ...

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Finance

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please answer question i, ii and iii

thank you very much for your help

a. A manager buys three shares of stock today and then sells one of those shares each year for the next three years. His actions and price history are summarized below. The stock pays no dividends. Time (years) Price per share Action 0 90 Buy 3 Shares 1 100 Sell 1 Share 2 100 Sell 1 Share 3 100 Sell 1 Share i. Calculate the time-weighted geometric average return for the manager. [3 marks] ii. Calculate the time-weighted arithmetic average return for the manager. [3 marks] Explain if you would expect the dollar-weighted average to be higher or lower than the time-weighted geometric average? (You do not have to calculate the dollar-weighted average). [2 marks]

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