The following chart shows monthly figures for Apple stock in 2010.+ 350 A 300 250+ 200+ 150 + 1004 211.98 218.95 Jan-10 Feb-10 235.97 211.98 195.46 July 10 246.94 Mar-10 Apr-10 195.46 255.96 Marked are the following points on the chart. Aug. 10 235.86 260.09 May-10 Jun-10 Jan. 10 Feb. 10 Mar. 10 Apr. 10 Jul-10 218.95 246.94 Sep. 10 260.09 258.77 Aug-10 Sep-10 258.77 235.97 Oct. 10 317.13 294.07 Oct-10 Nov-10 May 10 235.86 Nov. 10 294.07 317.13 317.44 Dec-10 June 10 255.96 Dec. 10 317.44 Calculate to the nearest 0.01% your monthly percentage return (on a simple interest basis) if you had bought Apple stock in July and sold in October.
The following chart shows monthly figures for Apple stock in 2010.+ 350 A 300 250+ 200+ 150 + 1004 211.98 218.95 Jan-10 Feb-10 235.97 211.98 195.46 July 10 246.94 Mar-10 Apr-10 195.46 255.96 Marked are the following points on the chart. Aug. 10 235.86 260.09 May-10 Jun-10 Jan. 10 Feb. 10 Mar. 10 Apr. 10 Jul-10 218.95 246.94 Sep. 10 260.09 258.77 Aug-10 Sep-10 258.77 235.97 Oct. 10 317.13 294.07 Oct-10 Nov-10 May 10 235.86 Nov. 10 294.07 317.13 317.44 Dec-10 June 10 255.96 Dec. 10 317.44 Calculate to the nearest 0.01% your monthly percentage return (on a simple interest basis) if you had bought Apple stock in July and sold in October.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
When working through this problem, I ended up with r = 0.76342431 = 76.34% but it came back wrong. Can someone please help me figure out what I am doing wrong?
I've attached another sample exercise as a reference.
Transcribed Image Text:The following chart shows monthly figures for Apple stock in 2010.+
350
300
250
200
150
100
211.98
Jan-10
Feb-10
Jan. 10
211.98
July 10
246.94
235.97
218.95
195.46
Mar-10
Apr-10
Marked are the following points on the chart.
Feb. 10
195.46
Aug. 10
255.96
260.09
235.86
May-10
Jun-10
Mar. 10
218.95
Sep. 10
258.77
246.94
260.09
Jul-10
Aug-10
Sep-10
Apr. 10
235.97
258.77
Oct. 10
317.13
294.07
Oct-10
Nov-10
May 10
235.86
Nov. 10
294.07 317.13
317.44
Dec-10
June 10
255.96
Dec. 10
317.44
Calculate to the nearest 0.01% your monthly percentage return (on a simple interest basis) if you had bought Apple stock in July and sold in October.
Transcribed Image Text:Stock Investments Exercises 37, 38, 39, 40, 41, and 42 are based on the following chart, which
*
shows monthly figures for Apple stock in 2010:
255.96
260.09
235.97
Press
246.94
235.86
211.98 218.95
Answer +
4.00%
Jan. 10
350 A
211.98
July 10
246.94
300
250
200
150
100
Jan-10
195.46
Marked are the following points on the chart:
Feb-10
Feb. 10
195.46
Mar-10
Aug. 10
260.09
Apr-10
May-10
Mar. 10
218.95
Sep. 10
258.77
Jun-10
Jul-10
Aug-10
Apr. 10
235.97
Sep-10
Oct. 10
294.07
258.77
Oct-10
317.13
294.07
Nov-10
317.44
Dec-10
May 10
235.86
Nov. 10
317.13
June 10
255.96
Dec. 10
317.44
37. Calculate to the nearest 0.01% your monthly percentage return (on a simple interest basis) if you had
bought Apple stock in June and sold in December.
Expert Solution
Step 1: Introduction:
The overall return on an investment portfolio or asset over the time it has been held is known as the holding period return, or HPR. The return on the holding time may be realised if the asset or portfolio has been held, or it may be expected if an investor just plans to buy the item.
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