You purchased HIH shares at a price of $30 per share. Its price was $20 after six months and the company declared bankruptcy at the end of the next six months. The realised return over the last year is

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The realised return over the last year is -100%. This is because the price of the shares fell from $30 to $20, a loss of $10 per share. The company then declared bankruptcy, which means that the shares are now worthless. This is a total loss of $30 per share, or 100%.

You Purchased HIH Shares at a Price of $30 Per