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An investor purchases a stock for $ 2 0 0 today. In one year, the price of the stock has increased to $ 2 2

An investor purchases a stock for $200 today. In one year, the price of the stock has increased to $220 and the firm paid $5 in dividend. The investor purchases 2 more shares. After receiving $5 in dividend in the second year for each stock, the investor then sells all three stocks for $226 each. The dollar weighted returns of the investment is
5.0%
6.8%
8.7%
12.5%
None of the above
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