On January 1, Tim's portfolio was valued at $432,098. During the year Tim received $10,563 in...
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?
explain please :)
Homework Answers
The holding period return for the year is computed as follows:
= ( December 31 tim's portfolio value - January 1 Tim's portfolio value + Interest + Dividend ) / January 1 Tim's portfolio value
= ( $ 398,189 - $ 432,098 + $ 10,563 + $ 15,060 ) / $ 432,098
= - 1.92% Approximately
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