Question

Suppose you bought a share of Visa at the opening price of $178.50 a share on...

  1. Suppose you bought a share of Visa at the opening price of $178.50 a share on Monday, November 11, 2019. You sold the stock on Friday, November 22, 2019 at the closing price of $179.47 a share. The company paid out $0.30 per-share regular dividend on Thursday, November 14, 2019.
    1. Ignoring transaction costs, what was the 12-day HPR of this investment?
    2. What was the APR and the EAR of this investment? (Assume that a year is 366 days.)

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