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George purchased an ordinary share for $30 immediately after its annual dividend payment of $2. The annual dividend grows by 3% p.a. forever. George sold

George purchased an ordinary share for $30 immediately after its annual dividend payment of $2. The annual dividend grows by 3% p.a. forever. George sold the share one year later for $34 immediately after he received the annual dividend. Which of the following can be used to calculate the total holding period return for George?

Select one:

a.

b.

c.

d. None of the options can be used to find the total holding period return.

e.

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