You purchased 100 shares of General Motors stock at a price of $101.90 one year ago....

You purchased 100 shares of General Motors stock at a price of $101.90 one year ago. You sold all stocks today for $94.51. During the year, the stock paid dividends of $5.62 per share. What is your holding period return?

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

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Expert Solution

Initial value = 100 * 101.9 = 10,190

Ending value = 100 * 94.51 = 9,451

Dividends = 5.62 * 100 = 562

Holding period return = [(Ending value + dividends - beginning value) / beginning value] * 100

Holding period return = [(9,451 + 562 - 10,190) / 10,190] * 100

Holding period return = -1.74%

jeff jeffy answered 2 years ago

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