Steve buys 1000 shares of Axe stock at $55 per share on January 1, Year 1. At the end of the first year (December 31, Year 1), the stock has dropped, so he buys 500 more shares at $50 per share. At the end of the second year (December 31, Year 2), he buys another 500 shares for $40 per share. The stock pays a dividend of $3.00 per share on December 29th of each year. Axe is trading at $63.00 per share as of December 31, Year 3. What is the dollar weighted return for Steve's investment in Axe since January 1, Year 1 to today?

a. 4%

b.5%

c.2%

d.9%