Clyde bought a share for $4.57 on 1 April 2019 in Prunevale Orchards Limited, a pastoral company near Young in central New South Wales. On 31 March 2020 he received a dividend of 20 cents, the only dividend the company paid all year. The next day (1 April 2020) Clyde sold the share for $4.00 it had only fallen slightly as there had been plenty of rain in New South Wales. Clydes return (before tax) for the year was

Select one:

a. -8.1%

b. -7.7%

c. -9.3%

d. -7.8%