You purchased 100 shares of GE common stock on January 1, for $29 a share. A year later you received $1.25 in dividends per share and you sold it for $28 a share.
You purchased 100 shares of GE common stock on January 1, for $29 a share. A year later you received $1.25 in dividends per share and you sold it for $28 a share.
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
Problem 1PROB
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QUESTION 11
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Exhibit 1.7
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
You purchased 100 shares of GE common stock on January 1, for $29 a share. A year later you received $1.25 in dividends per share and you sold it for $28 a share.
Refer to Exhibit 1.7. Calculate your holding period return (HPR) for this investment in GE stock.a. 0.9655b. 1.0973c. 1.0804d. 1.0086e. 1.0357
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