CH 4HW

You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $0.37 per share and is trading at $28.92 per share; you expect to sell the atock in six months for \$33.07. The socond is a stock that pays quarterly dividends of $0.58 per share and is trading at $30.96 per share; you expect to selt the stock in one your for $33.23. Which stock witt provide the better annualized holding period retum? The 1-year HPR for the frst stock is 16. (Enter as a percentage and round to two decimal places.)