Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchased a share of stock for $ 2 0 . One year later you received $ 1 as a dividend and sold the share

You purchased a share of stock for $20. One year later you received $1 as a dividend and sold the share for $29. What was your holding-period return?
Select one:
a.
45%
b.
50%
c.
40%
d.
5%
e.
None of these options

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Navigating The Investment Minefield A Practical Guide To Avoiding Mistakes Biases And Traps

Authors: H. Kent Baker , Vesa Puttonen

1st Edition

1787690563,1787690539

More Books

Students also viewed these Finance questions

Question

what is a peer Group? Importance?

Answered: 1 week ago