Problem:
Lasr year you purchased last year 550 shares of stock for $19.50 per share and 6 coupon bonds with 6% coupon rate for $1000 each, over tthe course of the year, you received dividends totaling $1 per share Today the stock is selling for $20.50 per share and bond is quoted as 101.20.
Required:
Question: What is the holding period return for your portfolio?
Note: Please provide equation and explain comprehensively and give step by step solution.