Lear purchased 100 shares of Quitcha Twitchin Anti-inch Cream stock at $30 per share last year and sold them eleven months later for $24 per share. The shares split 2 for 1 shortly after Lear purchased the stock. If the stock paid $0.25 per share in dividends last year, what is Lear's holding period return (round to 2 decimals) ?
A) 61.67%
B) -19.17%
C) 21.67%
D) 6.17%
Correct Answer:
Verified
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