On August 15, you purchased shares of stock in the Cara Cotton Company at $65 a share,

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On August 15, you purchased shares of stock in the Cara Cotton Company at $65 a share, and a year later you sold it for $61 a share. During the year, you received dividends of $3 per share. Compute your HPR and HPY on your investment in Cara Cotton.

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Investment Analysis And Portfolio Management

ISBN: 9780176500696

1st Canadian Edition

Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown

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