As of 13 January 2010, GPC shares had a close price of $26.20. The price of GPC shares in January 2007 was $25.25. The share paid a 2007 dividend of $0.46, a 2008 dividend of $0.46 and a 2009 dividend...

As of 13 January 2010, GPC shares had a close price of $26.20. The price of GPC shares

in January 2007 was $25.25. The share paid a 2007 dividend of $0.46, a 2008 dividend of

$0.46 and a 2009 dividend of $0.46.

a. Calculate the current (13 January 2010) dividend yield for this security.

b. Assuming you purchased the security in January 2007, what is the holding period

return as of January 2009?