Ultimate access to all questions.
Upgrade Now 🚀
Sign in to unlock AI tutor
An investor buys a stock for 450andsellsitimmediatelyafterreceivinga450 and sells it immediately after receiving a 450andsellsitimmediatelyafterreceivinga2 dividend. If the holding period return is a loss of 10.2%, the sale price of the stock is closest to:
A
$402.
B
$404.
C
$406.