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In April 2020, Philip purchased 1,000 shares at $20/share in Crazy Inc. In April 2021, as Philip needed money for his tuition, he decided to
In April 2020, Philip purchased 1,000 shares at $20/share in Crazy Inc. In April 2021, as Philip needed money for his tuition, he decided to sell his shares as they hit $25/share. During this one year, he received $1,900 in total dividend payments. What was Philips investment return?
- 25.00%
- 29.67%
- 34.50%
- 35.10%
- 33.18%
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