Last year, Mike bought 100 shares of Dallas Corporation common stock for $50 per share. During the year he received dividends of $1.95 per share. The stock is currently selling for $52 per share. What rate of return did Mike earn over the year? A) 3.90 percent B) 21.88 percent C) 7.90 percent D) 3.75 percent

Last year, Mike bought 100 shares of Dallas Corporation common stock for $50 per share. During the year he received dividends of $1.95 per share. The stock is currently selling for $2 per share. What rate of return did Mike earn over the year? A) 3.90 percent B) 21.88 percent C) 7.90 percent D) 3.75 percent