You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $0.17 per share and is trading at $20.27 per share; you expect to sell the stock in six months for $23.29. The second is a stock that pays quarterly dividends of $0.63 per share and is trading at $30.07 per share; you expect to sell the stock in one year for $32.86. 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.)

You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $0.17 per share and is trading at \$20.27 per share; you expect to sell the stock in six months for \$23.29. The second is a stock that pays quarterly dividends of $0.63 per share and is trading at $30.07 per share; you expect to sell the stock in one year for $32.86. 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.)