Answered: The annual returns for Kang Co. stock…

The annual returns for Kang Co. stock for the last three years were 6 percent, −12 percent, and 19.3 percent. Assuming no dividends were paid, what was the 3-year holding period percentage return?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 8P

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The annual returns for Kang Co. stock for the last three years were 6 percent, −12 percent, and 19.3 percent. Assuming no dividends were paid, what was the 3-year holding period percentage return?

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