General accounting Sarah purchased 200 shares of Tesla Inc. at $225.50 pershare on March 1, 2024. At the end of March, Tesla closedat $248.75 per share. Calculate Sarah's holding periodreturn for March 2024.A. 10.31%B. 10.25%C. 10.45%D. 10.75%E. 10.35%

Step 1: Understand the Holding Period Return (HPR) FormulaThe Holding Period Return (HPR) is…

Answered: Sarah purchased 200 shares of Tesla…

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

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 13RE

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Sarah purchased 200 shares of Tesla Inc. at $225.50 per share on March 1, 2024. At the end of March, Tesla closed at $248.75 per share. Calculate Sarah's holding period return for March 2024. A. 10.31% B. 10.25% C. 10.45% D. 10.75% E. 10.35%