An investor buys 100 shares of a stock that is trading at $50 on margin where the initial margin is 40%. The broker charges an annual interest rate on the loan portion of 8%. The dividend yield of the stock (using the current price) is 10%. The seller maintains the position for six months, and then sells the stock for $65. The holding period return on this transaction is closest to:

A.55%

B.82%

C.88%

Please show work and explain why. Thank you.