On January 1, Year 1 you bought 100 shares of Oscorp Inc. It is now January 1 of Year 2. You have recorded stock price information for Oscorp in the table, below. You want to calculate your return on the investment.
After digging through your records you realize that Oscorp executed a 3-for-2 stock split late in Year 1.
Use this information to adjust the data in the table and calculate the split-adjusted annual return on the investment in Cyberdyne shares.
|
Price |
| Jan 1, Year 1 |
$12 |
| Jan 1, Year 2 |
$8 |