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Problem 4 Consider the following information about a stock: Year 2016 2017 2018 Total Dividends 9 6 7 Price at the closing of Dec 31

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Problem 4 Consider the following information about a stock: Year 2016 2017 2018 Total Dividends 9 6 7 Price at the closing of Dec 31 100 120 144 An investor buys one share this stock in the closing of 12/31/2016 and sells this single share in the closing of 12/31/2018. His holding period return (in percentage terms) will be: A) 0% B) 7% C) 20% D) 49% E) 57%

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