Suppose it is now January 1, 2015, and you just sold an investment that you own for

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Suppose it is now January 1, 2015, and you just sold an investment that you own for $12,500. You purchased the investment four years ago for $10,500. During the time you held the investment, it paid income equal to $1,000 each year. What is the four-year holding period yield that you earned on your investment?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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