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The holding-period return (HPR) for a stock is equal to (a)the dividend yield plus the capital gains yield. (b)the nominal yield minus the real yield.

The holding-period return (HPR) for a stock is equal to

(a)the dividend yield plus the capital gains yield.

(b)the nominal yield minus the real yield.

(c)the capital gains yield minus the tax rate.

(d)the capital gains yield minus the dividend yield.

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