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:

Quarterly Interest

Interest calculated or paid every three months on loans, investments, or deposits.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.

Non-Interest Bearing

refers to financial instruments or accounts that do not earn or involve the payment of interest, such as certain loans or bonds.

Notes Receivable

Financial assets representing amounts owed to the holder by others, typically arising from selling goods or services on credit.