If you buy Stock in Jae's Coffee Roasters at $58 you anticipate the following:

1. You will be able to sell the stock one year later for $62.00

2. You will receive a $1.00 dividend per share during the time you own the stock

What is your expected percentage rate of return for the period?

Group of answer choices

a.8.62%

b.17.31%

c. 7.69%

d.12.28%

e. 11.94%