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Diano4ka-milaya [45]
3 years ago
13

Petter Jansen purchased 100 shares each in Sygnette and Joey Stores a year ago. He paid $62.85 and $121.15 per share respectivel

y. He sold Sygnette today for $59.80. He received a dividend fromJoey Stores of $1.60 and alsosold the stock today for $127.35 per share. Petter's return for the portfolio is:'_______
Business
1 answer:
yawa3891 [41]3 years ago
7 0

Answer:

2.58%

Explanation:

holding period return (HPR) = [(ending value - initial value) + dividends received] / initial value

  • initial value of Petter's portfolio = (100 x $62.85) + (100 x $121.15) = $18,400
  • ending value = (100 x $59.80) + (100 x $127.35) = $18,715
  • dividends received = 100 x $1.60 = $160

HPR = [($18,715 - $18,400) + $160] / $18,400 = $475 / $18,400 = 0.0258 = 2.58%

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True

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I hope my answer helps you

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