Suppose you earned the following returns for Pear stock over the last $3$ years: Year

$1$ return $=9\%,$ Year $2$ return $=12\%,$ Year $3$ return $=-8\%.$ Assuming no dividends were

what was the $3-$year holding period return?

$12\mathrm{.}31\%$

$13\mathrm{.}00\%$

$3\mathrm{.}95\%$

$4\mathrm{.}33\%$

$31\mathrm{.}85\%$