Smith sold 100 shares of Microsoft (which pays no dividends) for $120 each. Her three-year holding period return was about 77%. At what price did she purchase the stock?
A) $155.84
B) $77.00
C) $92.40
D) $67.80

Question

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The Answer of Smith sold 100 shares of Microsoft (which pays no dividends) for $120 each. Her three-year holding period return was about 77%. At what price did she purchase the stock?
A) $155.84
B) $77.00
C) $92.40
D) $67.80

Smith Sold 100 Shares of Microsoft (Which Pays No Dividends)