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Your client buys 10 shares of stock at time 0 for $47 per share. At time 1, he receives a dividend of $3 per

 


Your client buys 10 shares of stock at time 0 for $47 per share. At time 1, he receives a dividend of $3 per share, and buys another 10 shares at the new price of $54 per share. At time 2, he receives a dividend of $2 per share, and sells his entire holding of stock for $59 per share. What was the client's time-weighted annual return on this position? Enter answer as a percentage, accurate to two decimal places.

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