SOLUTION: YOU PURCHASED 1,000 SHARES OF OLIVER INC. COMMON STOCK 1 YEAR AGO FOR $50.00 PER SHARE. YOU DECIDED TO TAKE YOUR PROFIT TODAY BY SELLING AT $55.00 PER SHARE. WHAT IS YOUR HOLDING P

Question 70501: YOU PURCHASED 1,000 SHARES OF OLIVER INC. COMMON STOCK 1 YEAR AGO FOR $50.00 PER SHARE. YOU DECIDED TO TAKE YOUR PROFIT TODAY BY SELLING AT $55.00 PER SHARE. WHAT IS YOUR HOLDING PERIOD RETURN?
A. 10.0%
B. 12.5%
C. 15.0%
D. 50.0%
I WORKED THIS AS $55/$50 = 1.1 = 10% IF YOU MOVE THE DECIMAL OVER 2 PLACES. PLEASE LET ME KNOW IF I WORKED THIS CORRECTLY.
THANK YOU SO MUCH FOR DOING WHAT YOU DO TO HELP US!
ANNETTE
Answer by checkley75(3666) (Show Source): You can put this solution on YOUR website!
ANOTHER PROCEDURE IS (55-50)/50=5/50-.1=10%
YOUR ANSWER IS CORRECT.
GOOD WORK

RELATED QUESTIONS
1. Suppose that you purchased 200 shares of a stock at $46 per share (ignore all... (answered by richwmiller)

You purchased 225 shares of stocks total. Stock a at 50 per share and stock b at 75 per... (answered by ikleyn)

Sherry bought a number of shares of stock for $250. Six months later the value of the... (answered by solver91311)

What is the brokerage fee for 75 shares of stock at 13 1/2 per share, if the rate of... (answered by ewatrrr)

I do not understand any of this: Week 2 Project Canyon Drilling, Inc. has just come (answered by solver91311)

You purchase shares of a technology company's stock and hold onto them for a year. During (answered by stanbon)

Hello, my subject is investments hopefully I found the right section. My problem is:... (answered by textot)

You are considering a hypothetical $1,200 investment in a media company's stock. Your... (answered by Theo)

Jessica purchased x shares of stock at $32 per share. She sold all the stock for $56 per... (answered by jessica43)