Information about three securities appears below. Beginning-of-Year PriceEnd-of-Year PriceInterest/Dividend PaidStock 1 $42.50$46.75$ 1.50 Stock 2 $1.25$ 1.36$ 0.00 Bond 1 $1,020$1,048$41.00 a.Assuming interest and dividends are paid annually, calculate theannual holding period return on each security.b.During the year management of Stock 2 spent $10 million, or$0.50 a share, repurchasing 7.7 million of the companys shares.How, if at all, does this information affect calculation of the holding period return on stock 2?