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Business, 17.04.2020 23:42 KingMack1136

What are the arithmetic and geometric average time-weighted rates of return and what is the dollar-weighted rate of return of the investor in the above example (for the dollar-weighted return assume that

(i) the cash flows from dividends received at the end of a given year are based on the number of shares held at the beginning of that year, and
(ii) cash flows from dividends occur on the same day as the cash flows from buying and selling shares)

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