单选题 An investor sold a 30 - year bond at a price of $ 850 after he purchased it at $ 800 a year ago. He received $ 50 of interest at the time of the sale. The annualized holding period return is:

A、

A. 15.0%.
B、

B. 10.0%.
C、

C. 12.5%.

【正确答案】 C

【答案解析】
The holding period return (HPR) is calculated as follows:
HPR = (P_t - P_t-1 + D_t)/P_t
where :
P_t = price per share at the end of time period t
D_t = cash distributions received during time period t.
Here, HPR = (850-800+50)/800=0.1250, or 12.50%.