Calculate a one-year holding period return (HPR) for the following two investment alternatives:

.Which investment would you prefer, assuming they are of equal risk? Explain.

Investment Vehicle X Y Cash received 1st quarter $1.37 $1.71 2nd quarter $0.46 $1.71 3rd quarter $0.59 $1.71 4th quarter $5.37 $1.71 Investment value Beginning of year $38.02 $47.98 End of year $44.51 $50.78

Question content area bottom

Part 1

The HPR for investment X ..%.

(Enter as a percentage and round to two decimal places.)