Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Practice exam Gory bought n share of stock for $15.75 that paid a dividend of $0.45, and sol r $18.65. What was his dollar profit

Practice exam image text in transcribed
Gory bought n share of stock for $15.75 that paid a dividend of $0.45, and sol r $18.65. What was his dollar profit or loss and holding period return? $2.90, 21.27% $3.35, 21.27% -$2.90, -18.41% $3.35, 2.86% $3.35, 17.96% You purchased a share of stock for $5 per share. After holding the stock for 8 years and not receiving any dividends, you sold the stock for $42 per share. What arc the holding period and effective annual return on this investment? 881%, 41.63% 740%, 30.48% 740%, 28.43% 881%, 30.48% 740%, 1.48%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Startup CFO The Finance Handbook For Your Growing Business

Authors: Kyle Brennan

1st Edition

1790959403, 978-1790959402

More Books

Students also viewed these Finance questions

Question

What will be your style of leadership?

Answered: 1 week ago

Question

List behaviors to improve effective leadership in meetings

Answered: 1 week ago