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7. An investor purchases shares on 4/1/A for $60.00. A quarterly dividend of $1.00 per share was declared and paid in May, August and November.

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7. An investor purchases shares on 4/1/A for $60.00. A quarterly dividend of $1.00 per share was declared and paid in May, August and November. The market price of the stock on 12/31/A is $65.00. What is the investor's annual return for the year? A. 6.67% B. 8.33% C. 11.11% D. 13.33% E. 17.78%

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