Question

2. Using the information from the screenshot below, what is the holding period return (daily return) from RIF on Friday, September 13, 2019? Raymond James Financial, Inc. (RJF) NYSE. Nasdaq Real Time Price. Currency in USD Add to watchlist eg Visitors trend 2W10W 9M 1 86.65 -0.46 (-0.53%) Buy Sell As of 11:01AM EDT. Market open. Summary Company Outlook Chart Conversations Statistics Historical Data Profile Financial Analysis Options Time Period: Sep 16, 2018 - Sep 16, 2019 Show: Historical Prices Frequency: Daily Apply Currency in USD Download Data Date Open High Low Close Adi Close Volume Sep 16, 2019 86.10 86.95 85.89 86.70 86.70 138.268 Sep 13, 2019 87 28 87.90 86.85 8711 87.11 1,024,100 Sep 12, 2019 85.09 86.82 84.65 86.41 86.41 995,600 8437 85.81 82.48 85.78 85.78 704,700 Sep 11, 2019 Sep 10, 2019 82.75 84.34 82.41 84.29 84 29 895,400 Sep 09, 2019 81 22 82.65 81.10 82 27 82 27 935,600 Sep 06, 2019 80.19 80.99 79.55 80.56 80 56 689,600 Sep 05, 2019 79.73 80.95 79.62 79.95 79.95 619.500 Sep 04, 2019 7771 78 08 77.40 78 03 78 03 544,100

Answer 1

Solution:

Holding period return(HPR)

=[Income+(Closing value-opening value)/Opening value]*100

=[0+(87.11-87.28)/87.28]*100

=(-0.17/87.28)*100

=-0.195%

There is negative holding period return of -0.195%