Rory, Inc. stock price was $11.25 on 1/1/17, $12.00 on 1/1/18, $11.90 on 1/1/19 and $13.00 on 1/1/20. Rory, Inc. paid Dividends per share of $0.55 for 2017, $0.60 for 2018, $0.65 for 2019 and $0.70 for 2020. Dividends are paid at the end of the year. On 1/1/17 an investor purchases five shares of Rory, Inc. and then purchases another three shares on 1/1/18. The investor sells two shares on 1/1/19 and then sells all of the remaining shares on 1/1/20. 

Calculate the Dollar-Weighted Average of the Holding Period Returns for the time periods shown. Show your answer as a whole number percentage, rounded to two places (12.34%, for example).

Answer rating: 100% (QA)

To calculate the DollarWeighted Average of the Holding Period Returns we need to determine the retur... View the full answer