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Suppose that you bought 1200 shares of IBM for $40 a share last year and havent traded since then. IBM did a 4-for-3 split after
| Suppose that you bought 1200 shares of IBM for $40 a share last year and haven’t traded since then. | ||||||||||||||||||
| IBM did a 4-for-3 split after your purchase. If IBM is currently trading at $35 per share, then what is your HPR? (Keep two decimal places.) | ||||||||||||||||||
| Assume no cash dividend has been paid in the year. | ||||||||||||||||||
| HPR= | % | |||||||||||||||||
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
