An investor buys shares of a company for $59.85 on October 15th with the intent to hold it for 1 year. The dividend rate is $2.00 per year. The investor sells the shares for $61.25 on November 15th. The investor notes the following additional facts:

• No dividends were paid between October 15 and November 15
• The required return of the equity was 24% on an annual basis.

What were the investors realized annual returns?

	32%
	24%
	29%
	2.3%

What were the investors realized annual Alpha? Assuming the share price on the purchase date was fair.

	8%
	16%
	24%
	32%