Question

Mike purchases 850 shares of Rose Tinted Glasses (RTG) at a price of$24 each. During the first year of ownership he receives $1.20 per share incash dividends. At the end of the year Mike sells his RTG shares for $23each. The Holding Period Return (HPR) for Mike’s holding is

A.–4.35%
B.–4.17%
C.0.83%
D.0.87%

Answer 1

The Holding Period Return (HPR) for Mike’s holding is C. 0.83%

Answer 2

The answer is C. 0.83%