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George Wilson purchased Bright Light Industries common stock for $47.50 on January 31, 2016. The firm paid dividends of $1.10 during the last 12 months. George sold the stock today (January 30, 2017) for $54.00. What is George’s holding period return?

Respuesta :

Karabo99

Answer:

George’s holding period return is 16%.

Explanation:

holding period return = (End value-Beginning value + Dividends)/Beginning value  

                                     = (54 - 47.5 + 1.1)/47.5

                                     = 16%

Therefore, George’s holding period return is 16%.

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