ou buy 100 shares of Demolishing Dividend Corporation at the beginning of year 1 for R80. Demolishing Dividend Corporation pays no dividends. The stock price at the end of year 1 is R100, R120 at the end of year 2 and R150 at the end of year 3. The stock price declines to R100 at the end of year 4 and you sell your 100 shares. For the fours years, your geometric average return is ?
ou buy 100 shares of Demolishing Dividend Corporation at the beginning of year 1 for R80. Demolishing Dividend Corporation pays no dividends. The stock price at the end of year 1 is R100, R120 at the end of year 2 and R150 at the end of year 3. The stock price declines to R100 at the end of year 4 and you sell your 100 shares. For the fours years, your geometric average return is ?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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You buy 100 shares of Demolishing Dividend Corporation at the beginning of year 1 for R80. Demolishing Dividend Corporation pays no dividends. The stock price at the end of year 1 is R100, R120 at the end of year 2 and R150 at the end of year 3. The stock price declines to R100 at the end of year 4 and you sell your 100 shares.
For the fours years, your geometric average return is ?
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