1. Suppose an investor purchased 100 shares of JDSU stock at a price of $50 per share on December 31, 2011. On December 31, 2012, JDSU paid dividends of $1.50 per share, and the investor received the dividends, then sold the stockat a price of $65 per share If there were no taxes or inflation, what was the total return?

30%

19%

18%

33%