Ask Question
8 November, 06:54

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. 8 November, 07:04
    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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers