Q3.You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $/4 per share and is trading at $28.92 per share; you expect to sell the stock in six months for $34.11. The second is a stock that pays quarterly dividends of $/5 per share and is trading at $31.12 per share; you expect to sell the stock in one year for $32.32. Which stock will provide the better annualized holding period return? (= 5 and =6)

a. The 1-year HPR for the first stock is ___43.22 %.

b. The 1-year HPR for the second stock is ___11.18____%