Below is an excerpt from Commonwealth Banks annual report for the year 1 July 2019 to 30 June 2020.

If the dividend yield was 4% over the year to 30 June 2020, estimate the capital return on the shares. Over the year to 30 June 2020, the capital return was:

Select one:

a. 14.3% pa

b. 8.12% pa

c. 6.3% pa

d. -7% pa

e. -15% pa