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In: Finance

Sarah purchased 100 shares of General Electric stock at a price of $60.10 three months ago....

Sarah purchased 100 shares of General Electric stock at a price of $60.10 three months ago. She sold all stocks today for $59.92. During the year the stock paid dividends of $2.92 per share. What is Sarah’s holding period return

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Solutions

Expert Solution

Holding period return = [Dividends + (Selling price - Buying Price)]/Buying price

= [$292 + ($5992-$6010) ] / $6010 * 100

= ($274 / $6010 ) * 100

= 4.56%

Therefore, the required holding period return of Sarah = 4.56%


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