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Imelda purchased 400 shares of TikTok Ltd at P61 each on October 15, 2014. She paid brokerage fees of P600. She received the following dividends

Imelda purchased 400 shares of TikTok Ltd at P61 each on October 15, 2014. She paid brokerage fees of P600. She received the following dividends from the company:

June 2015

P800

June 2016

P1000

June 2017

P1200

She then sold all her holdings for P34500 (net) on October 15, 2017.

Advice whether Imeldas investment was worth it based on the annualized holding period return. (8 marks)

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