If the share price of Emaline, a New Orleans-based shipping firm, rises from

$11.92 to $15.43

over a one-year period, calculate the rate of return to the shareholder given each of the following:

a. The company paid no dividends.

b. The company paid a dividend of $1.13 per share.

c. The company paid the dividend and the total return to the shareholder is separated into the dividend yield and the capital gain