The following stock price information has been collected for stock XYZ: Closing price End of year 2023 2022 2021 $127 $119 $123 2020 2019 $118 $121 XYZ has a correlation with the market portfolio of 0.60. The S&P 500 market portfolio has a standard deviation of 20%. An investor purchased XYZ at the end of 2019 (when it was $121). What is the average annual holding period return (geometric mean) for this investor if he/she held XYZ until the end of 2023? 1.22% 6.26% None are correct 2.78%