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Jonathan purchased 5 0 0 shares of CPM stock for $ 1 2 per share. At the end of the first year, he made another

Jonathan purchased 500 shares of CPM stock for $12 per share. At the end of the first year, he made another purchase of 500 shares at a stock price of $12 per share. At the end of the third year, he sold all of the stock for $17 per share. In addition, the stock paid a dividend of 0.35 per share at the end of each year. Calculate the dollar-weighted return to Jonathan over the three-year period.
A)
15.60%
B)
13.50%
C)
17.46%
D)
11.63%

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