You purchased 10 shares of common stock in Abigail's Café at the beginning of this year for $38.00 per share and held the stock for one year. The stock paid a dividend of $2/share during the year. You were able to sell the stock for $40 per share. What was your holding period return?

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 purchased 10 shares of common stock in Abigail's Café at the beginning of
this year for $38.00 per share and held the stock for one year. The stock paid a
dividend of $2/share during the year. You were able to sell the stock for $40 per
share. What was your holding period return?
Transcribed Image Text:You purchased 10 shares of common stock in Abigail's Café at the beginning of this year for $38.00 per share and held the stock for one year. The stock paid a dividend of $2/share during the year. You were able to sell the stock for $40 per share. What was your holding period return?
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