eBook The stock of Tips, Inc., a new firm operating a chain of sports betting parlors, has just been sold in an initial public offering at a price of $25 per share. One week after this offering the stock has risen in value to $34. You believe the stock will rise to 540 over the coming year. You do not expect Tips to pay any dividends over the year. Compute the holding period return on this wivestment. Round your answer to two decimal places If you require a rate of return on this stock of 20 percent, do you believe this is good investment at the current price of $34? Grade It Now Save & Continue