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Mr. Cedar invested $9,842.33 in Hawkeyehats, Inc. two years ago. He sold the stock today for $11,396.22. If the price of the stock was 11,962.48

Mr. Cedar invested $9,842.33 in Hawkeyehats, Inc. two years ago. He sold the stock today for $11,396.22. If the price of the stock was 11,962.48 one year ago, what is his arithmetic average return?

		13.14%
		8.40%
		5.73%
		Information is insufficient for a solution

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