You purchased a share of stock for $12. One year later, you received $0.25 as a dividend and sold the share for $12.92. What was your holding-period return?
A. 9.75%
B. 10.65%
C. 11.75%
D. 11.25%
E. None of the options are correct.
A. 9.75%
($0.25 + $12.92 – $12)/$12 = 0.0975, or 9.75%.
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