Question: help me to explain the calculation. You purchase a share on 1 January for $29.94 and sell it on 1 January the following year for

help me to explain the calculation.

You purchase a share on 1 January for $29.94 and sell it on 1 January the following year for $28. During the year you received two semi-annual dividends of $0.43. What is your holding period return? a. 5.39% b. 3.61% c. 3.86% d. 5.04% The correct answer is: 3.61%

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