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At time = 0 you purchase 100 shares of a stock for the market price of $12 per share. At time = 1 the stock

At time = 0 you purchase 100 shares of a stock for the market price of $12 per share. At time = 1 the stock is worth $15 per share. Sometime after time = 1, but before time = 2, the stock has a 3:1 split. At time = 2 you sell all your shares for the market price of $8 per share. What is your geometric average return per year?

A) 25.0%

B) 26.5%

C) 41.4%

D) 42.5%

E) 100.0%

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