Dr. Shah purchased 400 shares of Sundar Ltd. @ 61 each on 15th Oct 2008. He paid a brokerage of 600. The company paid the following dividends:
| June 2009 | 800 |
| June 2010 | 1000 |
| June 2011 | 1,200 |
He sold his holdings for 34,500 (net) on 15th October, 2011.
(1) What is the holding period return? (2) What is the annualized return? (3) Is Mr. Shah a good investor?
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