Question
Ludovic purchased 2,000 shares at $25/share in Health Inc. in November 2018. In 2019, he received $2.55/share in dividends. Despite the great returns, Ludovic decided
Ludovic purchased 2,000 shares at $25/share in Health Inc. in November 2018. In 2019, he received $2.55/share in dividends. Despite the great returns, Ludovic decided to sell his shares when they hit $32/share in November 2019 as he needed money for tuition. What was Ludovic's investment return during the one year that he held the shares?
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
