You bought a share of Pacebook stock for $20 at the beginning of the year. Pacebook stock paid dividend of $1.50 total this year. Now, it is the end of the year, and you decided to sell the stock at the current price of $23. If you ignore any trading costs and taxes, what is your simple holding period return on the stock? answer is 22.5%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
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You bought a share of Pacebook stock for $20 at the beginning of the year. Pacebook stock paid dividend of $1.50 total this year. Now, it is the end of the year, and you decided to sell the stock at the current price of $23. If you ignore any trading costs and taxes, what is your simple holding period return on the stock? answer is 22.5%

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