Eight months ago,Isaac purchased 500 shares of stock at a price of $36.20 a share.To date,he has received two quarterly dividends of $.46 a share each.If he sells his shares at the current price of $36.44 a share,what will be his holding period percentage return?
A).55%
B)1.01%
C)3.20%
D)2.78%
E)2.40%

Question

Quizplus · Accepted Answer

Total percentage return = [$36.44 − $36.20 + (2 × $0.46)] / $36.20 = 0.0320,or 3.20%

Eight Months Ago,Isaac Purchased 500 Shares of Stock at a Price