| PURCHASE A SHARE OF STOCK OF $50 AT T0, AND PURCHASE ANOTHER SHARE OF STOCK AT $65 AT T1, AT THE END OF YEAR 1 AND 2, THE STOCK PAID $2 DIVIDEND. ALSO AT THE END OF YEAR 2, INVESTOR SOLD BOTH SHARES FOR $70 EACH.   SOLVE FOR TIME-WEIGHTED RATE OF RETURN   ANSWER: hpy1 = (65+2-50)/50-1=34% HYP2=(144-130)/130-1=10.77%   不明白130 是咋来的?     |