ces A manager buys three shares of stock today, and then sells one of those shares...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ces 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. Action Time 0 Price $ 165 Buy 3 shares 1 195 Sell 1 share 2 195 Sell 1 share 3 195 Sell 1 share Required: a. Calculate the time-weighted geometric average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Geometric average return % 4 b. Calculate the time-weighted arithmetic average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Arithmetic average return % c. Calculate the dollar-weighted average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dollar-weighted average return % ces 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. Action Time 0 Price $ 165 Buy 3 shares 1 195 Sell 1 share 2 195 Sell 1 share 3 195 Sell 1 share Required: a. Calculate the time-weighted geometric average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Geometric average return % 4 b. Calculate the time-weighted arithmetic average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Arithmetic average return % c. Calculate the dollar-weighted average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dollar-weighted average return %
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Determine the largest force P that can be exerted at the jaws of the punch without exceeding a stress of 16 ksi on section m-n of the frame.
-
Borkenstick makes a very popular undyed cloth sandal in one style, but in Regular and Deluxe. The Regular sandals have cloth soles and the Deluxe sandals have cloth covered wooden soles. Borkenstick...
-
Data for the Rodriquez SA are presented in E23.3. Instructions Prepare the operating activities section of the statement of cash flows using the direct method. Rodriquez SA INCOME STATEMENT FOR THE...
-
Your supervisor decides to test the newly hired engineer with a problem that you have not seen before. Recover p-xylene as the center cut (Figure 13-6) from a feed that is \(50.0 \mathrm{wt} \%...
-
Karlik Enterprises distributes a single product whose selling price is $24 and whose variable expense is $18 per unit. The companys monthly fixed expense is $24,000. Required: 1. Prepare a...
-
need an example journal entry for a cash register purchased for 956.35 incl GST via EFTPOS from a bank account
-
Those who moved to the West sought work in factories were overwhelmingly single males generally relocated as family units denied the idea of Manifest Destiny
-
Indicate the materiality, audit risk, and audit strategy matters that relate to the financing cycle.
-
What is the most important sensor on a drone?
-
State the specific audit objectives that apply to the financing cycle.
-
What is the smartest part of a drone?
-
What are three examples of product innovation using robots?
-
Pipelines of a given diameter are not divisible, but pipelines can be built of ald by variety
-
Define a traverse in Surveying?
-
Which of the following statements is true? a. Encrypting data is sufficient to protect confidentiality and privacy. b. Cookies are text files that only store information and cannot do anything. c. A...
-
Which of the following is designed to identify entry of a nonexistent customer account number? a. sequence check c. completeness check b. field check d. validity check
-
A batch total that is calculated by summing the part numbers sold in a batch of 50 sales invoices is called a a. financial total c. record count b. hash total d. part count
Study smarter with the SolutionInn App