Ask Question
21 October, 13:49

Jack owned a stock for five months and earned an annualized rate of return of 6 percent. What was the holding period return?

+3
Answers (1)
  1. 21 October, 14:51
    0
    Answer: 2.42%

    Explanation:

    Annualized return = (1 + x) ^12/5 - 1

    =.06; x = 1.06 ^5/12 - 1;

    x = HPR = 2.42%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jack owned a stock for five months and earned an annualized rate of return of 6 percent. What was the holding period return? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers