单选题 Peter buys a stock for $ 25 per share. At the end of the one-year holding period the price of the stock is $ 40 per share. Assume that it pays no dividends, calculate the continuously compounded return.

A、

A. 35%.
B、

B. 47%.
C、

C. 56%.

【正确答案】 B

【答案解析】Rbt-1=In(St+1/St)=(1+RL1-1)=In(40/25)=0.47. Thus, 47% is the continuously computed return for the one-year holding period.