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QUESTION 16 6.25 points Save Answer Suppose that you purchased 1,000 shares of stock for $45/share three months ago. Find your geometric mean return if you sell all your shares today for $38/share. .0548 .4915 O- 1556 O-3978
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Answer #1

Time - 3 year = year. 20-25 year Final value = 1000 x 38 = 38000 Initial value = 1000 x 45 = 45000 geometric return = (final

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