Arthur buys $2,100 worth of stock.
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
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
(b) Find the basic midpoint approximate to Arthur's annual dollar-weighted yield
(c) Find the annual time-weighted yield rate Arthur experiences over his investment.
Round your answers to the nearest hundredth
of a percent.
C% = j/|oc