Kent bought Granite Corporation stock for $48.75 a share. At year-end, he received $4.50 in dividends and the market value of the stock was 50 a share. If Kent decided to sell the stock at this time, what would be his shareholder return?

O a) 2.50 percent

b) 11.50 percent

c) 11.79 percent

d) 12.00 percent