What is your holding period total return of this financial accounting question? Seven months ago, you purchased 120 shares of stock in EvergreenTechnologies at a price of $51.85 per share. The stock pays a quarterly dividendof $0.12 per share. Today, you sold all of your shares for $54.96 per share.What is your holding period total return?

Step 1:Computation of the capital gain: Capital gain= Number of shares purchased x (Selling price…

Answered: Seven months ago, you purchased 120…

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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Seven months ago, you purchased 120 shares of stock in Evergreen Technologies at a price of $51.85 per share. The stock pays a quarterly dividend of $0.12 per share. Today, you sold all of your shares for $54.96 per share. What is your holding period total return?