| Investment Vehicle | |
| X | Y |
| Cash received | | |
| 1st quarter | $0.96 | $0.00 |
| 2nd quarter | $1.16 | $0.00 |
| 3rd quarter | $0.00 | $0.00 |
| 4th quarter | $2.34 | $2.19 |
| Investment value | | |
| Beginning of year | $30.27 | $54.91 |
| End of year | $27.79 | $55.57 |
Calculate a​ one-year holding period return​ (HPR) for thefollowing two investment​ alternatives: Which investment would you​prefer, assuming they are of equal​ risk? Explain. The HPR forinvestment X is nothing​%. ​ (Enter as a percentage and round totwo decimal​ places.)
