An investor purchased shares for $30 four months ago and has received two monthly dividend payments of $0.75 each. If the stock now sells for $32, what is the holding period return?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 17P
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Financial Accounting Question

An investor purchased shares for $30 four months ago
and has received two monthly dividend payments of
$0.75 each. If the stock now sells for $32, what is the
holding period return?
Transcribed Image Text:An investor purchased shares for $30 four months ago and has received two monthly dividend payments of $0.75 each. If the stock now sells for $32, what is the holding period return?
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