Steve bought a share of Toronto Skates Inc.three years ago for $45.00.He was paid two annual dividends of $4.50 in the past two years.If the stock price today is $ 48.50, what is the annual holding period return of the stock?
A)7.78%
B)15.56%
C)27.78%
D)9.26%

Question

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The Answer of Steve bought a share of Toronto Skates Inc.three years ago for $45.00.He was paid two annual dividends of $4.50 in the past two years.If the stock price today is $ 48.50, what is the annual holding period return of the stock?
A)7.78%
B)15.56%
C)27.78%
D)9.26%

Steve Bought a Share of Toronto Skates Inc