What net return did you earn on your ei shares investment

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Reference no: EM13848973

Suppose you purchase shares of Engel, Inc (EI) which recently executed an IPO at the post-offering market price of $32 per share and you hold the shares for one year. You the sell you EI shares for $35 per share. EI does not pay dividends and you not subject to capital gain taxation. During this year, the return on the overall stock market was 11%. What net return did you earn on your EI shares investment? Assess this return in light of overall market return.

Reference no: EM13848973

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