1. Consider the adjusted closing prices for Louis Stock
Year Adj. Price
2011 $ 15.00
2010 $ 16.00
2009 $ 14.00
2008 $ 12.00
2007 $ 8.00
What is the holding period return for Louis?
a. 18.68%
b. 13.00%
c. 15.60%
d. 16.70%
2. Cash equivalents? are:
A. very liquid and carry high risk.
B. not liquid and carry little risk.
C. not liquid and carry high risk.
D. very liquid and carry little risk.