1. (6pts.)
Arthur buys $2,100 worth of stock.
Six
months later, the value of the stock
has risen to $2,200 and Arthur buys another $900 worth of stock. After a.nother g$
months, Arthur's holdings a.re worth $3,000 and he sells off $600 of them. Still another
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months later (i.e. one and half yea,rs
later since his initial purchase of stock), Arthur
finds that his stock has a value of $3,200.
(a) Fhd the simple interest approximate to Arthur's arnual
dollarweighted yield
rate.
(b) Find the basic midpoint approximate to Arthur's annual dollarweighted yield
(c) Find the annual timeweighted yield rate Arthur experiences over his investment.
Round your answers to the nearest hundredth
of a percent.
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