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Assume the that over the past couple of years your investment into a stock that pays no dividends was as follows:

Year Starting price Shares bought/sold

2010= 49.4 50 bought

2011= 55.4 100 bought

2012= 50.6 150 sold

What is your dollar-weighted annual return for over this period for this investment? Enter answer in percents, to two decimal places.

Financial Management, Finance

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