$3\mathrm{.}4$ The price of a share is currently R$200,$ and your time horizon is three years. You expect the cash dividend during the first year to be R$8$ and is expected to grow at $6\%$ per annum. Suppose your best guess is that the price of the share at the end of each year will be R$210,$ R$220$ and R$230.$ What would be the holding period return for each of the three years and the arithmetic average over the three years?