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Assume a share has price at t time (Pt) and at t-1 (Pt-1), the rate of return of this share is 1. Pt - Pt-1

Assume a share has price at t time (Pt) and at t-1 (Pt-1), the rate of return of this share is

1.	Pt - Pt-1 / Pt-1
2.	(Pt - Pt-1) / Pt-1
3.	[Pt / Pt-1] - 1
4.	2 and 3

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