Top Posters
Since Sunday
10
4
4
m
4
l
3
M
3
j
3
P
3
t
3
S
3
c
3
r
3
New Topic  
stranahan stranahan
wrote...
Posts: 3324
5 years ago
Joe bought a share of stock for $47.50 that paid a dividend of $.72 and sold one year later for $51.38. What was Joe's dollar profit or loss and holding period return?
A) $3.88, 8.95%
B) $0.72, 7.55%
C) $3.88, 9.68%
D) $4.60, 9.68%
Textbook 

Financial Management: Core Concepts


Edition: 2nd
Author:
Read 963 times
13 Replies
Replies
Answer verified by a subject expert
portalgoal!portalgoal!
wrote...
Posts: 236
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More questions for this book are available here
D -- Profit = Ending Value+Distributions-Original Cost
Profit = $51.38 + $0.72 - $47.50 = $4.60.
HPR = (Ending Price + Distributions - Beginning Price/Beginning Price) = ($51.38 + $0.72 - $47.50/$47.50 ) = 9.68%
1

Related Topics

wrote...
4 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
wrote...
2 years ago
Thanks
wrote...
A year ago
thanks
wrote...
A year ago
hi
wrote...
A year ago
thank you
wrote...
A year ago
thanks
wrote...
A year ago
Thank you
wrote...
A year ago
thanks
wrote...
A year ago
Thanks! Love it
wrote...
A year ago
thank you
wrote...
A month ago
Thank you
wrote...
A month ago
Thank you so much
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  138 People Browsing
 1028 Signed Up Today
Your Opinion
What's your favorite funny biology word?
Votes: 49

Previous poll results: What's your favorite coffee beverage?
Related Images
 572
 131