3. As of 13 January 2010, GPC shares had a close price of $26.20. The price of...

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3. As of 13 January 2010, GPC shares had a close price of $26.20. The price of GPC shares in January 2007 was $25.25. The share paid a 2007 dividend of $0.46, a 2008 dividend of

$0.46 and a 2009 dividend of $0.46.

a. Calculate the current (13 January 2010) dividend yield for this security.

b. Assuming you purchased the security in January 2007, what is the holding period return as of January 2009?

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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Question Posted: Oct 25, 2024 04:00 AM

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3. As of 13 January 2010, GPC shares had a close price of $26.20. The price of...

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Fundamentals Of Investing

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