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Use the following table to answer questions 4a-d: The table reports stock prices at the beginning of each year, the end of each year, and
Use the following table to answer questions 4a-d: The table reports stock prices at the beginning of each year, the end of each year, and dividends paid at the end of each year.
Year Price (Jan. 1) Price (Dec. 31) Dividend Paid (Dec. 31) 2012 $40 $35 $2 2013 $35 $38 $3 2014 $38 $39 $3
A. Assuming you buy the stock on January 1st each year and sell it on December 31st , what are the holding period returns for 2012, 2013, and 2014?
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