On January 1, Tim's portfolio was valued at $432,098. During the year Tim received $10,563 in interest and $15,060 in dividends. He also sold stock at a net loss of $12,870 and used the proceeds to purchase another stock
Tim did not contribute any more funds nor withdraw any funds during the year. On December 31 of the same year, Tim's portfolio was valued at $398,189. What is the holding period return for the year?
A) -5.3%
B) -4.9%
C) -2.1%
D) -1.9%
Answer: D
You might also like to view...
Which career-related intervention uses the Vocational Preference Inventory, as an example?
a. Choosing a Career Direction and Identifying Work Interests b. Setting Career Goals c. Developing Career Transitions and New Employment Relationships d. Establishing a Boundaryless Career
In everyday use, the terms ____________________ or high-speed Internet refer to a connection that is always on or active, such as cable or DSL.
Fill in the blank(s) with the appropriate word(s).
Companies hold a supply of inventory for all of the following reasons EXCEPT:
a. meet variation in product demand b. increase production change/setup costs c. allow production scheduling flexibility d. purchase in bulk to take advantage of quantity discounts e. maintain independence of operations (Decoupling)
Trimble Graphic Design receives $1,500 from a client billed in a previous month for services provided. Which of the following general journal entries will Trimble Graphic Design make to record this transaction?
