Question
1.Suppose you purchase shares of a company that recently executed in IPO at the post offering market price of $32 per share, and you hold
1.Suppose you purchase shares of a company that recently executed in IPO at the post offering market price of $32 per share, and you hold the shares for one year. You then sell your shares for $35 per share. The company does not pay dividends, and you are not subject to capital gains taxation. During this year, the return on the overall stock market was II percent. What net return did you earn on your share investment? Assess this return compared with the overall market return.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
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