Use the following information for the next four (5,6, 7 and8) problems:

The ordinary equity shares of ABC Ltd. had the following historic prices:

Time	Share Price ($)
3/1/2002	50.00
3/1/2003	57.00
3/1/2004	66.12
3/1/2005	74.05
3/1/2006	70.35
3/1/2007	77.39

What was your holding period yield (Annual HPY)?

a.

9.13%

b.

1.0913

c.

1.0913%

d.

0.0913