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Suppose you bought a share of Visa at the opening price of $204.28 a share on Wednesday, January 26, 2022. You sold the stock on
Suppose you bought a share of Visa at the opening price of $204.28 a share on Wednesday, January 26, 2022. You sold the stock on Monday, February 14, 2022, at the closing price of $225.34 a share. The company paid out $0.375 per-share regular dividend on Thursday, February 10, 2022.
a. Ignoring transaction costs, what was the 20-day holding period return (HPR) of this investment?
b. What was the annual percentage rate (APR) and the effective annual rate (EAR) of this investment? (Assume that a year is 360 days.)
a. Ignoring transaction costs, what was the 20-day holding period return (HPR) of this investment?
b. What was the annual percentage rate (APR) and the effective annual rate (EAR) of this investment? (Assume that a year is 360 days.)
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a To calculate the 20day holding period return HPR you can use the following formula ...
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
