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Do not do any interim rounding, calculate values to 6 decimal places before converting to percentages, state the answer to two places, do not use
Do not do any interim rounding, calculate values to 6 decimal places before converting to percentages, state the answer to two places, do not use labels (%, $). For example, if the value is 0.06458, the answer is 6.46.
Petter Jansen purchased 100 shares each in Sygnette and Joey Stores a year ago. He paid $25.73 and $32.55 per share respectively. He sold Sygnette today for $27.30. He received a dividend fromJoey Stores of $2.35 and also sold the stock today for $31.95 per share. Petter's return for the portfolio is:
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