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
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-> 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
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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):
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