Michael purchased 800 shares of ABC stock at $85 per share. The stock paid a...
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Accounting
Michael purchased 800 shares of ABC stock at $85 per share. The stock paid a $1.20 dividend per share at the end of the year. During this same year, there was a 2-for-1 stock split. If the value of Michaels investment at the end of the year was $66,000. What was his holding period rate of return (HPR)?
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