Problem:
Thomas Partner purchased shares of Discovery Cafe on the open January 2 at $40.87 per share. He earned a dividend of $0.13 in March. Thomas kept his dividend in cash - he did not reinvest it. Discovery Cafe closed at
- January: $36.86
- February: $37.59
- March: $39.60
Required:
Question: What is the total time-weighted rate of return for the calendar quarter?
Note: Please provide full description.