Hi experts please answer the financial accounting question Lawn Technologies stock was purchased six months ago at $51.85 per share.The stock pays a quarterly dividend of $0.12 per share. Today, the shareswere sold for $54.96 per share. If the investor purchased 120 shares, what isthe holding period total return?

Step 1: Define Holding Period Total ReturnThe holding period total return (HPTR) is the total return…

Answered: Lawn Technologies stock was purchased…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 8P

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Lawn Technologies stock was purchased six months ago at $51.85 per share. The stock pays a quarterly dividend of $0.12 per share. Today, the shares were sold for $54.96 per share. If the investor purchased 120 shares, what is the holding period total return?