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In January 2015, an investor purchased 900 shares of Engulf & Devour, a rapidly growing high-tech conglomerate. From 2015 through 2019, the stock turned in

In January

2015,

an investor purchased

900

shares of Engulf & Devour, a rapidly growing high-tech conglomerate. From

2015

through

2019,

the stock turned in the following dividend and share price performance:

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. On the basis of this information, find the annual holding period returns for

2015

through

2019.

(Hint:

See Chapter 4 for the HPR formula.)

The holding period return for

2015

is _____%

Given Information:

Year

Share Price

Beginning of Year

Dividends Paid

during Year

Share Price

End of Year

2015

$35.91*

$0.71

$46.12

2016

$46.12

$0.94

$51.39

2017

$51.39

$1.36

$44.62

2018

$44.62

$1.03

$65.24

2019

$65.24

$1.18

$93.55

*Investor purchased stock in

2015

at this price.

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