An analyst gathered the following information regarding an equity market index that was created on January 1, 2009 and consists of the following four securities:

Securities	Price at December 31, 2009 ($)	Price at December 31, 2010 ($)	Dividend Paid ($)	Weight in the Index
A	31	35	2	25%
B	42	48	1	35%
C	27	32	1	20%
D	22	24	3	20%

Assume that dividends are paid at the end of the year.

The following information is also available:

Price return in 2009 = 10.25%

Total return in 2009 = 15.75%

The total return on Security C in 2010 is closest to:

1. 18.52%

2. 29.63%

3. 22.22%