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Business, 18.03.2021 01:40 nayeli09

XYZ stock price and dividend history are as follows: Year Beginning-of-Year Price Dividend Paid at Year-End 2015 $ 114 $ 5 2016 120 5 2017 100 5 2018 105 5 An investor buys four shares of XYZ at the beginning of 2015, buys another two shares at the beginning of 2016, sells one share at the beginning of 2017, and sells all five remaining shares at the beginning of 2018. a. What are the arithmetic and geometric average time-weighted rates of return for the investor

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