Geometric return over period
Problem:
Your grandfather invested $1,000 in a stock 33 years ago. Currently the value of his account is $312,000.
Required:
Question: What is his geometric return over this period?
Note: Provide support for your rationale.
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Suppose you buy stock at a price of $42 per share. Three months later, you sell it for $48. You also received a dividend of $.68 per share.
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