Question
83. Consider the adjusted closing prices for Louis Stock Year Adj. Price 2011 $ 15.00 2010 $ 16.00 2009 $ 14.00 2008 $ 12.00 2007
83. Consider the adjusted closing prices for Louis Stock
Year Adj. Price
2011 $ 15.00
2010 $ 16.00
2009 $ 14.00
2008 $ 12.00
2007 $ 8.00
What is the holding period return for Louis?
a. 18.68%
b. 13.00%
c. 15.60%
d. 16.70%
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The answer is A. Please provide step-by-step calculation with detailed explanation. Don't forget explantiaon, which helps me understand the calcualtion! Thanks.
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
