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Roy purchased 3,500 shares of Ernst stock for $225,678 one year ago. The stock pays annual dividends of $.50 a share. Today, he sold all
Roy purchased 3,500 shares of Ernst stock for $225,678 one year ago. The stock pays annual dividends of $.50 a share. Today, he sold all of his shares for $77.82 a share. What is his total return on this investment?
a. 21.12 percent
b. 21.25 percent
c. 21.33 percent
d. 21.47 percent
e. 21.58 percent
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