Frankie Nelson purchases a share of Stock X for $50. Stock X pays an annual dividend of $2.50. At the end of the first year he owns it, Frankie purchases another share for $42. Stock X subsequently rises to $56 and Frankie decides to sell both shares of Stock X at the end of the second year since owning it.

What was the time-weighted return of Frankie's investment in Stock X?

Group of answer choices

11.34%

8.67%

14.01%

9.88%