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Trey purchases 200 shares of Turner stock for $50 per share. Trey pays $4,000 in cash to complete the purchase. One year later, Trey sells

Trey purchases 200 shares of Turner stock for

$50

per share. Trey pays

$4,000

in cash to complete the purchase. One year later, Trey sells the stock for

$60

per share.

Calculate the return that Trey earned on his investment of

$4,000.

Trey's return if the stock paid no dividends during the year is

nothing

percent

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