Richard bought a share of stock for $47.50 that paid a dividend of $.72 and sold one year later for $51.38. What was Richard's dollar profit or loss and holding period return?
A) $0.72, 7.55%
B) $3.88, 8.95%
C) $4.60, 9.68%
D) $3.88, 9.68%
Answer: C
Explanation: C) Profit = Ending Value + Distributions - Original Cost
Profit = $51.38 + $0.72 - $47.50 = $4.60.
HPR = = = 9.68%.
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