gregory bought 790 shares of stock at a price of $63 per share. he later sold his stock at a price of $60. what was his total return on his investment? multiple choice

Question

08-12-2022
Business

contestada

gregory bought 790 shares of stock at a price of $63 per share. he later sold his stock at a price of $60. what was his total return on his investment? multiple choice

Respuesta :

Otras preguntas

Which of the following actions can NEGATIVELY impact your credit score? A You disputed an item on your credit report. B You forgot to pay the cable bill. C You

You are picking up lumber at a lumber yard for a construction project. In addition to the ten (10) boards you already have, you purchase thirty-five (35) more a

How are asteroids and comets similar? They are both dwarf planets. They are both made of frozen gas. They both orbit the sun. They are both satellites.

I need help on these Health questions 1. Write one short-term goal for enhancing your sense of self, and list all the steps necessary to achieve the goal. The s

Analyze the two excerpts below. What do these excerpts suggest? from Aesop's fable: "You can be as well-fed as I am if you want to," replied the Dog. from

chris drove 320 miles using 12 gallons. at this rate how gallons of gas would he need to drive 296 miles

the length of a nickel 2.1 cenimeters. what is the combined length of 2 nickels line by side by side

Although you get wet while swimming, a tough protein within the skin prevents it from soaking up moisture like a sponge. This substance is: A) carotene B) hema

before school,janine spends 1/10 hour making the bed,1/5 hour getting dressed, and 1/2 hour eating breakfast. what fraction of an hour does she spend doing thes

How did the political culture of the united states in the early decades of the 1800s differ from the political culture of the late 1700s?

amardeepvt7 amardeepvt7 · Answer 1 · 2022-12-14T06:19:37+01:00

Gregory bought 790 shares of stock at a price of $63 per share. he later sold his stock at a price of $60. The total holding period return on his investment is (-)$2370 in total and (-)$3 loss per share.

What is holding period return?

The overall return earned from owning an asset or portfolio of assets over time—referred to as the holding period—is known as the holding period return and is typically stated as a percentage. Based on overall returns from the asset or portfolio, holding period return is computed (income plus changes in value).

The Cost of acquisition of investment in shares = No. of shares × Per share value = 790 shares × $63 = $49770.

Sale proceeds realized on holding the shares = $60 (Sell value) × 790 Shares = $47400.

∴ Holding period return (numeric value) = Sale Value - Cost Value

= $47400 - $49770

= - $2370 (negative return)

Holding period return (%) = (Return ÷ Cost Value) × Holding period

= (-2370 ÷ 49770) × 1 Year (assume)

= - 4.76%

Thus the return on investment is not viable because it has negative outcome.

Learn more holding period return about refer:

https://brainly.com/question/28461823

#SPJ1