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Tony holds 350 shares of a company's stock. At the end of 2015, the market price of each share was $32. During the year 2016,

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Tony holds 350 shares of a company's stock. At the end of 2015, the market price of each share was $32. During the year 2016, the company pays $2.25 in dividends per share. At the end of 2016, the company's stock is priced at $39.50. Calculate the percentage return for holding the company's stock during the year 2016. (Round the answer to one decimal place.) 16.4% 30.5% 36.8% 20.6%

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