Unformatted text preview: Solve for I = 17.5 In other words, the annual return was cut in half just by holding the stock an additional six months. In January 2008 Countrywide’s price was $6.96 and in June, $4.25. The five year holding period annualized return was: PV = -13.64 FV = 6.96 N = 5 Solve for I = -12.6% The money was indeed lost if an investor held Countrywide for this entire holding period....
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This note was uploaded on 03/02/2011 for the course BMGT 340 taught by Professor White during the Spring '08 term at Maryland.
- Spring '08