Gary bought a share of stock for $15.75 that paid a dividend of $.45 and sold three months later for $18.65. What was his dollar profit or loss and holding period return?
A) $2.90, 18.41%
B) $3.35, 21.27%
C) -$2.90, -18.41%
D) $.45, 2.86%
Answer: B
Explanation: B) Profit = Ending Value + Distributions - Original Cost
Profit = $18.65 + $0.45 - $15.75 = $3.35.
HPR = = = 21.27%.
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