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Swifty Corporation had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $5400 Net

Swifty Corporation had the following information in its financial statements for the years ended 2020 and 2021:

Cash dividends for the year 2021

$5400

Net income for the year ended 2021

98000

Market price of stock, 12/31/20

8

Market price of stock, 12/31/21

10

Common stockholders equity, 12/31/20

1005000

Common stockholders equity, 12/31/21

1207000

Outstanding shares, 12/31/21

99600

Preferred dividends for the year ended 2021

14000

What is the rate of return on common stock equity for Swifty Corporation for the year ended 2021?

7.6%

8.9%

6.6%

7.0%

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