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Tony bought 200 shares of Big Petroleum Company for $95 per share and paid a commission...

Tony bought 200 shares of Big Petroleum Company for $95 per share and paid a commission of $60. He sold the stock five years later for $120 per share and paid $75 commission. While he held the stock, it paid (in total) dividends of $5.50 per share. What was Tony s annual holding period yield?

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Ans 31.30%

Tony's annual holding period yield is 31.30%

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