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Use the following information to answer Questions 3 and 4: You bought 5 shares of NKLA. at $14 per share and received a $0.1 dividend
Use the following information to answer Questions 3 and 4: You bought 5 shares of NKLA. at $14 per share and received a $0.1 dividend per share during your holding period. Six months later, you sold your shares in NKLA. for $19 per share.
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Calculate the holding period return on your investment in NKLA.
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Calculate the effective annual yield (APY) with 1) semi-annual compounded interest and 2) continuous compounding?
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