You have the following rates of return for a risky, Financial Management

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You have the following rates of return for a risky

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 2008 $95 240bought 2009 $100 190bought 2010 $96 215sold 2011 $99 215sold What is the geometric average return for the period?

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