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The Maestro bought 100 shares of a company's stock for $22.00 per share on January 1, 2018. He received a dividend of $2.00 per share at the end of 2018 and $3.00 per share at the end of 2019. At the end of 2020, the Maestro collected a dividend of $4.00 per share and sold his stock for $18.00 per share. The Maestro's realized holding period return was closest to:

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tanseershar

Answer:

$22.7%

Explanation:

Purchase Price    $22

Gains on stock during holding period

Dividend 2018    $2

Dividend 2019    $3

Dividend  2020  $4

Loss on sale of stock (18-22) ($4)

Total gain on per stock     (2+3+4-4)=$5

Total Return on stock during holding period=$5/22=22.7%

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