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Bobby purchased an ordinary share for $20 immediately after its annual dividend payment of $1.50. The annual dividend grows by 2% p.a. forever. Bobby sold

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Bobby purchased an ordinary share for $20 immediately after its annual dividend payment of $1.50. The annual dividend grows by 2% p.a. forever. Bobby sold the share one year later for $25 immediately after he received the annual dividend. Which of the following can be used to calculate the total holding period return for Bobby? a. Select one: 25 - 20 + 1.5 20 b. None of the options can be used to find the total holding period return. 25 20 + 1.5 + 1.5(1.02) 20 25 - 20 20 25 20 + 1.5(1.02) 20 C. e

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