You bought 100 shares of Oil Slick stock nine months ago for $46 per share, received two $50 dividend checks, and sold the stock today at $39 a share. What is your Holding Period Return? a. 5.56% b. 8.33% c. 11.11% d. 6.94% e. None of the above.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
Problem 1PROB
icon
Related questions
Question

What is your holding period return on these financial accounting question?

You bought 100 shares of Oil Slick stock nine
months ago for $46 per share, received two
$50 dividend checks, and sold the stock
today at $39 a share. What is your Holding
Period Return?
a. 5.56%
b. 8.33%
c. 11.11%
d. 6.94%
e. None of the above.
Transcribed Image Text:You bought 100 shares of Oil Slick stock nine months ago for $46 per share, received two $50 dividend checks, and sold the stock today at $39 a share. What is your Holding Period Return? a. 5.56% b. 8.33% c. 11.11% d. 6.94% e. None of the above.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CFIN
EBK CFIN
Finance
ISBN:
9781337671743
Author:
BESLEY
Publisher:
CENGAGE LEARNING - CONSIGNMENT