You Earned a Total Return of -5% on NoDotCom This

question 13

Essay

You earned a total return of -5% on NoDotCom this year,earned -40% last year,and earned 30% two years ago. Calculate both the three-year holding period return and the average three year return.

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Definitions:

Apparent Authority

A situation in which a reasonable third party would understand that an agent had authority to act, even if the agent did not have actual authority.

Express Agency

A type of agency relationship explicitly agreed upon by the principal and agent, either orally or in writing.

Implied Agency

A type of agency relationship created by actions of the parties involved rather than a written agreement, suggesting that one party agrees to act on behalf of another.

Duty of Notification

The obligation to inform or update relevant parties about important information or changes.