An annualized return: Multiple Choice is less than a holding period return when the holding period is less than one year. is expressed as the summation of the capital gains yield and the dividend yield on an investment. is expressed as the capital gains yield that would have been realized if an investment had been held for a twelve-month period is computed as (1+ holding period percentage return)m, where m is the number of holding periods in a year. is computed as (1+ holding period percentage return, where m is the number of months in the holding period