General accounting Conrad bought 125 shares of Google Inc. at $795.01 per share on May 1,2013. Now, that the month is over, he wants to calculate his holding-periodreturn for his investment during that period. On May 31, 2012, Google Inc.opened at $868.12 per share and closed at $871.218 per share.What was Mike's holding period return for May 2013?a. 8.95%b. 9.61%c. 8.96%d. 9.59%e. 8.87%

The question requires the determination of the holding period return. Holding period return is the…

Answered: Conrad bought 125 shares of Google Inc.…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 4CP

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You purchased 74 shares of Z stock in January 2008 for $40 per share. Each year you received a cash dividend of $0.75 per share. In December of 2012, you sold 74 shares of Z for $60 per share. Brokerage fees amounted to 3.0% of the purchase price and 3.0% of the sales proceeds. Use this information to answer the next 5 questions. 18. If inflation averaged 4% per year over the investment period, the average annual after-tax real rate of return would be? (use your answer from the previous question) 4.31% 2.50% 3.44% 3.57%
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