An investor bought 100 shares of Venus Corporation common stock 1 year ago for $42 per share.

An investor bought 100 shares of Venus Corporation common stock 1 year ago for $42 per share. She just sold the shares for $49 each, and during the year, she received four quarterly dividend checks for $38 each. She expects the price of the Venus shares to fall to about $40 over the next year. Calculate the investor’s realized percentage holding period return

HPR = [Dividends + Ending price – initial price]/Initial priceDividends = $38*4 = $152/100 = $1.52 per shareInitial price = $42Ending price = $49HPR = [1.52 + 49-42]/42 = 0.2029HPR = 20.29%