In January 2009 an investor purchased 800 shares of Engulf & Devour, a rapidly growing high-tech conglomerate.

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In January 2009 an investor purchased 800 shares of Engulf & Devour, a rapidly growing high-tech conglomerate. From 2009 through 2013, the stock turned in the following dividend and share price performance.

On the basis of this information, find the annual holding period returns for 2009 through 2013.

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

Question Posted: Apr 28, 2015 03:38 AM

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In January 2009 an investor purchased 800 shares of Engulf & Devour, a rapidly growing high-tech conglomerate.

Question:

Share Price Beginning of Year ($) 42.50 54.00 74.25 81.00 91.25 Dividends Paid during Year (S) Share Price End ofYear ($) Year 2009 2010 2011 2012 2013 0.82 1.28 1.64 1.91 2.30 54.00 74.25 81.00 91.25 128.75 Investor purchased stock in 2009 at this price

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a Holding period return HPR Ending price Beginning pri...View the full answer

Fundamentals of Investing

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