Jimmy is thinking of investing in shares of Fairfax Ltd (FL), which are currently traded at $8 per share. It is expected that FL will pay a dividend of 60 cents per share next year and the share price will increase to $9.20 in one year's time. Calculate the expected rate of return for shareholders. Multiple Choice 22.5 per cent per annum 7.5 per cent per annum 15.0 per cent per annum O 19.6 per cent per annum