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Suppose you invested $50 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a dividend of $0.34 today and then you sold

Suppose you invested $50 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a dividend of $0.34 today and then you sold it for $55. What was your return on the investment?

A.

4.57%

B.

10.68%

C.

12.32%

D.

9.18%

If the stock markets are semi-strong form efficient, stock prices reflect all the past and current public information about a firm, but do not reflect inside information.

True

False

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