Suppose you bought a share of Visa at the opening price of $204.28 a share on Wednesday, January  26, 2022. You sold the stock on Monday, February 14, 2022, at the closing price of $225.34 a share.  The company paid out $0.375 per-share regular dividend on Thursday, February 10, 2022.
a. Ignoring transaction costs, what was the 20-day holding period return (HPR) of this investment? 
b. What was the annual percentage rate (APR) and the effective annual rate (EAR) of this investment? (Assume that a year is 360 days.)

Answer rating: 100% (QA)

a To calculate the 20day holding period return HPR you can use the following formula ... View the full answer