Use the Information Below for the Following Problem(S)
Assume you bought 100 shares of NewTech common stock on January 15, 2003 at $50.00 per share and sold it on January 15, 2004 for $40.00 per share.
-Refer to Exhibit 1.1.What was your holding period return?
A) -10%
B) -0.8
C) 25%
D) 0.8
E) -20%
Correct Answer:
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