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Phil was introduced to heroin at a party, and ever since then he has been chasing his first high. He has been desperate to procure this powerful narcotic at any financial and personal cost. Which of the following BEST explains Phil's development of a drug-centered lifestyle?
Holding Period Return
The total return received from holding an asset or portfolio of assets over a period of time, typically expressed as a percentage.
Capital Gain Yield
Capital gain yield refers to the price appreciation component of the total return on an investment, expressed as a percentage increase from the asset's purchase price.
Dividend Yield
A financial index that reveals the proportion of yearly dividends paid out by a company to its stock price.
Annual Percentage Rate
The annual rate charged for borrowing or earned through an investment, accounting for any fees or additional costs associated with the transaction, expressed as a percentage.
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