You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $0.48 per share and is trading at $24.23 per share; you expect to sell the stock in six months for $27.81.The second is a stock that pays quarterly dividends of $0.52 per share and is trading at $31.39 per share; you expect to sell the stock in one year for $32.44. Which stock will provide the better annualized holding period return?

The 1-year HPR for the first stock is %. (Enter as a percentage and round to two decimal places.)

Also the second stock, please. thank you!