1. (5 points) If you purchased a stock 2 years ago for $60, received a dividend of $5/share one year ago, and then sold the stock for $64. Assuming that you reinvest the half of the dividend at 10% per year and the remaining half in the stock, what is yourannualizedHPR (holding period return)

year 0 1 2

payoff -60 5 64