Four years ago, David Robertson purchased 200 shares of Harrison Microchips. At the time, each share of
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Four years ago, David Robertson purchased 200 shares of Harrison Microchips. At the time, each share of Harrison Microchips was selling for $40. He also paid a $22 commission when the shares were purchased. Now, four years later, he has decided it’s time to sell his investment. Harrison Microchips’s share price when sold was $52.50.
In addition, he paid a $34 commission to sell his shares. He also received total dividends of $2.20 per share over the four-year investment period.
a. What was the total return for Mr. Robertson’s investment?
b. What is the annualized holding yield for his investment?
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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