Selena purchased a share of a stock for 120. After six months, the price of the stock was 136 and the stock paid a dividend of 7. One year after purchase, the price of the stock was 145 and the stock paid a dividend of 3. Calculate the total annual return on Selena's investment. Provide your answer as an annual effective rate. 31.46% 30.57% 32.35% 28.79% 29.68%