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Joe bought ABC stock on January 10th for $208.81 per share. The stock paid a dividend...

Joe bought ABC stock on January 10th for $208.81 per share. The stock paid a dividend of $1.25 in March and another dividend of $1.62 in June. He sold it in July for $203.29. What was Joe's holding period return? Show your answer in decimal form to four places.

Note: Decimal form means without the % sign. If you divide 10 by 35, the answer is 0.285714 in decimal form and 28.5714% in percentage form. Use decimal form for the calculated questions

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Solution: -0.0127 HPR=(Sale price+Dividend-Buy price)/buy price (203.29+1.25+1.62-208.81)/208.81

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