Question

The prices for the White Swan Corporation for the first quarter of the last year are...

The prices for the White Swan Corporation for the first quarter of the last year are given below. Find the holding period return (percentage return) for February.

End of the month Stock price

January $93.84

February $90.13

March $107.82

Round the answers to two decimal places in percentage form.

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Solution:
Holding period return (HPR) = -3.95%
[February]
Working Notes:
Holding period return (HPR) = (Ending price of February - Ending price of January)/Ending price of January
[February]
Holding period return (HPR) = ($90.13-$93.84)/$93.84
Holding period return (HPR) = -3.71/93.84
Holding period return (HPR) = -0.039535
Holding period return (HPR) = -3.9535379%
Holding period return (HPR) = -3.95%
Please feel free to ask if anything about above solution in comment section of the question.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The following is the sales budget for Profit, Inc., for the first quarter of 2018: January...
The following is the sales budget for Profit, Inc., for the first quarter of 2018: January February March   Sales budget $ 214,000 $ 234,000 $ 257,000 Credit sales are collected as follows: 60 percent in the month of the sale 25 percent in the month after the sale 15 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $98,000 ($68,000 of which was uncollected December sales). a. Calculate the...
Webster Corporation is preparing a master budget for the first quarter of the year. The company...
Webster Corporation is preparing a master budget for the first quarter of the year. The company budgets production of 2,900 units in January, 2,710 units in February and 3,290 units in March. Each unit requires 0.6 hours of direct labor. The direct labor rate is $12 per hour. Compute the budgeted direct labor cost for the first quarter budget. Multiple Choice $58,536. $64,080. $106,800. $97,560. $53,400.
The following is the sales budget for Coore, Inc., for the first quarter of 2019: January...
The following is the sales budget for Coore, Inc., for the first quarter of 2019: January February March   Sales budget $142,000 $159,000 $174,000 Credit sales are collected as follows: 70 percent in the month of the sale 25 percent in the month after the sale 5 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $70,150 ($61,200 of which was uncollected December sales). a. Compute the sales for November....
Exercise 9-18 Green Landscaping Inc. is preparing its budget for the first quarter of 2020. The...
Exercise 9-18 Green Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule. To that end the following information has been collected. Clients usually pay 60% of their fee in the month that service is performed, 30% the month after, and 10% the second month after receiving service. Actual service revenue for 2019 and expected service revenues for 2020...
Dalton Manufacturing is preparing its master budget for the first quarter of the upcoming year. The...
Dalton Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Dalton ​Manufacturing's operations: Current Assets as of December 31 (prior year): Cash. . . . . . . . . . . . . . . . . . . . . . . . . . .$4,460 Accounts receivable, net. . . . . . . . . . . $48,000 Inventory. . . . . . . ....
Quoted Prices (% of $1,000 par value) Year Beginning of the Year End of the Year...
Quoted Prices (% of $1,000 par value) Year Beginning of the Year End of the Year Average Holding Period Return on High-Grade Corporate Bonds 2010 94.349 100.223 7.30% 2011 100.223 101.319 11.72% 2012 101.319 105.849 -6.89% 2013 105.849 110.776 7.90% 2014 110.776 121.592 9.11% In early January 2010 , you purchased $27,000 worth of some high-grade corporate bonds. The bonds carried a coupon of 11 5/8% and 2024. You paid 94.349 when you bought the bonds. Over the five years...
Thornton Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a...
Thornton Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that sells laser pointers over the Internet. Thornton expects sales in January 2019 to total $360,000 and to increase 15 percent per month in February and March. All sales are on account. Thornton expects to collect 68 percent of accounts receivable in the month of sale, 21 percent in the month following the sale, and 11 percent in the second month...
The table below shows the closing monthly stock prices for IBM and Amazon. Calculate the exponential...
The table below shows the closing monthly stock prices for IBM and Amazon. Calculate the exponential three-month moving average for both stocks where two-thirds of the average weight is placed on the most recent price. (Do not round intermediate calculations. Round your answers to 2 decimal places.) IBM AMZN January $ 175.04 $ 613.41 February 176.89 623.12 March 191.47 574.07 April 207.78 547.70 May 192.37 510.30 June 208.63 495.58 July 234.49 606.39 August 204.16 536.91 September 220.55 512.70 October 214.59...
The table below shows the closing monthly stock prices for IBM and Amazon. Calculate the simple...
The table below shows the closing monthly stock prices for IBM and Amazon. Calculate the simple three-month moving average for each month for both companies. (Input all amounts as positive values. Do not round intermediate calculations. Round your answers to 2 decimal places.) IBM AMZN January $ 173.84 $ 610.51 February 176.09 620.96 March 188.95 576.89 April 205.12 546.90 May 193.33 514.46 June 207.71 497.98 July 231.83 605.79 August 206.62 537.81 September 219.59 513.22 October 214.35 599.71 November 195.44 593.30...
Sweeney Corporation has found that 80​% of its sales in any given month are credit​ sales,...
Sweeney Corporation has found that 80​% of its sales in any given month are credit​ sales, while the remainder are cash sales. Of the credit​ sales, Sweeney Corporation has experienced the following collection​ pattern: 25% received in the month of the sale 50% received in the month after the sale 24% received two months after the sale 1% of the credit sales are never received November sales for last year were $90,000​, while December sales were $110,000. Projected sales for...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT