Question
In July of 2012, Taylor purchased 2,000 shares of XYZ common stock for $75,000. He then sold 1,000 shares of XYZ in July of 2013
In July of 2012, Taylor purchased 2,000 shares of XYZ common stock for $75,000. He then sold 1,000 shares of XYZ in July of 2013 for $39 per share. The remaining 1,000 shares were finally sold for $50 per share in July 2014. What was the ERR on this investment if the external reinvestment rate is 8% per year?
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
