The followings show two investments you made in different period. In which investment do you yield higher result? What was annualized HPR for that investment?

• Four years ago, you invested $10,000 in the shares of DEF Corp. The company has not paid any dividends during the period as its business has struggled due to recession. Today, you sold your shares for $12,000.
• Five years ago, you invested $20,000 in the shares of GHY Corp. Each year, the company distributed dividends to its shareholders. During the period, your total income was $1,200. Today, you sold your shares for $23,000

Group of answer choices

GHY Corp; 4.66%

DEF Corp; 3.89%

DEF Corp; 4.66%

GHY Corp: 3.89%