FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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You have the following information on XYZ stock. Assume that the stock pays no dividends. Year Beginning of Year Price # of Shares Bought or Sold 2018 $24 14 bought 2019 $27 30 bought $31 50 bought $34 57sold $24 Sold the rest of the shares Find the geometric average return for the entire period. (Do not round intermediate calculations; 2020 2021 2022
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Transcribed Image Text:You have the following information on XYZ stock. Assume that the stock pays no dividends. Year Beginning of Year Price # of Shares Bought or Sold 2018 $24 14 bought 2019 $27 30 bought $31 50 bought $34 57sold $24 Sold the rest of the shares Find the geometric average return for the entire period. (Do not round intermediate calculations; 2020 2021 2022
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