Norah purchased a share of a stock for 101. After six months, the price of the stock was 110 and the stock paid a dividend of 8. One year after purchase, the price of the stock was 117 and the stock paid a dividend of 6. Calculate the total annual return on Norah's investment. Provide your answer as an annual effective rate. 31.56% 27.88% 29.72% 28.80% 30.64%