You have been asked to calculate a holding period return $($HPR$)$ using end$-$of$-$day prices on the stock of Company A $($Ticker: A$)$ that paid a

dividend using the following daily data. Compute HPR from January $4,2022$ to January $7,2022.$

Hint: Assume that the adjusted close price includes the impact of the dividend into account already.

a$.-1\mathrm{.}40\%$

b$.-1\mathrm{.}22\%$

C$.-1\mathrm{.}27\%$

d$.1\mathrm{.}40\%$