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At the end of each month Delta Corporation's share price was obtained from the stock exchange. These closing share prices are listed below together with
At the end of each month Delta Corporation's share price was obtained from the stock exchange. These closing share prices are listed below together with a description of an event occurring during the month. The company's share price at the end of month O is $3.15. End of Month Closing Price Event 0 3.15 1 3.00 1 for 3 rights issue at a subscription price of $2.54 All closing share prices are ex the corresponding event in column three - that is, the event occurred immediately before the end of month 1. What is the discrete) holding period return from end of month 0 to the end of month 1? 12.80% 4.34% 8.57% O 0.11%
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