George Wilson purchased Bright Light Industries common stock for $50 on January 31, 2010. The firm paid dividends of $2.50 during the last 12 months. George sold the stock today (January 30, 2011) for $57.50. What is George’s holding period return?

George Wilson purchased Bright Light Industries common stock for $50 on January 31, 2010. The firm paid dividends of $2.50 during the last 12 months. George sold the stock today (January 30, 2011) for $57.50. What is George’s holding period return?