On January 1, Stacy's Portfolio Was Valued at $96,534

question 81

Multiple Choice

On January 1, Stacy's portfolio was valued at $96,534. During the year Stacy received $3,285 in interest and $4,100 in dividends. She also sold one stock at a gain of $850. The value of the portfolio on December 31 of the same year was $113,201. At the end of June, Stacy withdrew $5,000 from the portfolio. What is the holding period return for the year?

• A) 25.1%
• B) 25.8%
• C) 26.5%
• D) 27.2%

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Definitions:

Ceiling Price

A government-imposed maximum price on goods or services, intended to prevent prices from rising above a certain level.

Product Shortage

A situation where the demand for a product exceeds its supply in the market.

Legal Ceiling Price

A maximum price set by government regulation that sellers are allowed to charge for a good or service, intended to protect consumers from excessive pricing.

Equilibrium Price

The rate at which the amount of a product supplied matches the amount of the product demanded.