What net return did you earn on your el share

Reference no: EM13295028

Suppose your 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 then sell your El shares for $35 per share. El does not pay dividends, and you are not subject to capital gains taxation. During this year, the return on the overall stock market was 11%. What net return did you earn on your El share investment? Assess this return in light of the overall market return.

Reference no: EM13295028

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