Question
A year ago, Mark purchased MER stock for $30 a share. The stock is currently selling for $27 a share and Mark has decided to
A year ago, Mark purchased MER stock for $30 a share. The stock is currently selling for $27 a share and Mark has decided to sell all of his shares. What is the total holding period return that Mark has earned on this investment if he received a dividend of $2 a share?
| A. | -3.33% | |
| B. | -10.00% | |
| C. | 6.67% | |
| D. | 0.17% | |
| E. | None of the above answers is correct. |
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
