Question 33 A manager buys three shares of stock today, and then sells one of...
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Question 33 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. Time 3 Arithmetic average return Price Dollar-weighted average return $180 200 200 200 Calculate the following returns for this portfolio: Geometric average return Action Buy 3 shares Sell 1 share Sell 1 share Sell 1 share % %6 %6 5 pts Do not round intermediate calculations. Round your answer to 2 decimal places include trailing zeros. Do not enter percent signs (no %)
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