Question
Susan purchased Eastern Industries stock for $56.85 per share and sold it 18 months later for 59.95 after receiving a cumulative dividend of $2.75 at
Susan purchased Eastern Industries stock for $56.85 per share and sold it 18 months later for 59.95 after receiving a cumulative dividend of $2.75 at the end of 18 months. What was Susan's holding period return(HPR), annual percentage rate(APR), and compound annualized return, respectively?
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
