George bought a share for $5.00 on 1 May 2019 in Wynyard Cheese Company Limited, a Tasmanian-based company. On 30 April 2020 he received a dividend of 25 cents, the only dividend the company paid all year. The next day (1 May 2020) George sold the share for $3.50 it had fallen dramatically because of the coronavirus pandemic. Georges return (before tax) for the year was

Select one:

a. -25.0%

b. -35.7%

c. -24.0%

d. -30.0%