An investor purchases 500 shares of a company at a purchase price of $15.00 at the start of the year. During the year, the company paid out $0.50 of dividends per share. The investor then sells all the shares at a selling price of $13.50. Determine the investor's total percentage return. -5.67% -6.07% -6.37% None of the above Which of the following is a characteristic of an IPO? They are usually sold as a private placement. The general form of offer is a right offering. IPOs are always overpriced. Determination of the correct offering price is relatively difficult. None of the above