If you invest your savings of $40,000 in 3M Company at $170 per share, collect a dividend of $1.30 and sell at $178, what was your rate of return and how much savings do you have now?

a.

The return was minus 6% and you now have $29,066.55

b.The return was 5.47% and you now have $42,188.24.

c.The return was 11.28% and you now have $65,099.87

d.The return was 3.93% and you now have $41,284.37

e.The return was 7.01% and you now have $45,433.02