An investor purchased 200 shares of Tesla at $242.50 on March 1, 2023. The stock closed at $278.85 on March 31, 2023. Calculate the holding period return.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 5P: Balance Sheet Calculations Cornerstone Development Companys balance sheet information at the end of...
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Calculate the holding period return?

An investor purchased 200 shares of Tesla at $242.50
on March 1, 2023. The stock closed at $278.85 on March
31, 2023. Calculate the holding period return.
Transcribed Image Text:An investor purchased 200 shares of Tesla at $242.50 on March 1, 2023. The stock closed at $278.85 on March 31, 2023. Calculate the holding period return.
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