Question: Do not do any interim rounding, calculate values to 6 decimal places before converting to percentages, state the answer to two places, do not use
Do not do any interim rounding, calculate values to 6 decimal places before converting to percentages, state the answer to two places, do not use labels (%, $). For example, if the value is 0.06458, the answer is 6.46.
Petter Jansen purchased 100 shares each in Sygnette and Joey Stores a year ago. He paid $15.87 and $65.40 per share respectively. He sold Sygnette today for $15.95. He received a dividend fromJoey Stores of $0.90 and also sold the stock today for $67.75 per share. Petter's return for the portfolio is:
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