Six months ago, Cambridge Holdings purchased a stock for $75 per share. Since then, the company has received two quarterly dividend payments of $1.50 each. The stock is now trading at $70. What is the Holding Period Return (HPR) on this stock?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
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Financial Accounting

Six months ago, Cambridge Holdings purchased a stock for $75 per
share. Since then, the company has received two quarterly
dividend payments of $1.50 each. The stock is now trading at $70.
What is the Holding Period Return (HPR) on this stock?
Transcribed Image Text:Six months ago, Cambridge Holdings purchased a stock for $75 per share. Since then, the company has received two quarterly dividend payments of $1.50 each. The stock is now trading at $70. What is the Holding Period Return (HPR) on this stock?
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