The Prices for IMB over the last 3 years are given below, assuming no dividends were paid, what was the 3-year holding period return? YR 1 return=10%; Year 2 return=15%; year 3 return=12%"
The prices are 10%, 15%, and 12%. their looking for a three year holding period return in a percentage....i thought it might just be an average but im not sure.
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