You purchased a share of stock for $20. One year later, you recelved $1 as a dividend and sold the share for $29. What was your holding-period return?Multiple Choice50%40%45%None of the options are correct5%

The holding period return is based on the difference between the final price and the initial price,…

Answered: You purchased a share of stock for $20.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You purchased a share of stock for $20. One year later, you received $1 as a dividend and sold the share for $29. What was your holding-period return? Multiple Choice 50% 40% 45% None of the options are correct 5%