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 | $115 | 280 bought |
2015 | $120 | 230 bought |
2016 | $116 | 255 sold |
2017 | $119 | 255 sold |
What is the geometric average return for the period?
Multiple Choice
2.30%
.86%
1.15%
1.72%
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